Riding the Big Data Wave

Author:Daniela Muhaj - Pankhuri Dutt
Pages:14-15
 
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IMF RESEARCH perspectives | imf.org/researchbulletin 14
Information is the oil of the 21st century,
and analytics is the combustion engine.
— Peter Sondergaard
Big data is a vague term for a massive
phenomenon that in recent years has become
the center of much debate and controversy.
A massive pool of data has resulted from the
widespread use of mobile technology, internet
trafc, and social networks, enabling people
around the world to access banking services,
employment information, medical services, and
markets. Although there is no agreed-upon
Daniela Muhaj
Pankhuri Dutt
pdutt@imf.org
dmuhaj@imf.org

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