data innovation lab augmented data for · data innovation lab. augmented data . for. improved...
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The monitoring needs!
Relevant and Reliable
Frequent
Granular
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• Better understand the world in which we live and the causalities…
• Better decisions with immediate impact…. must be driven by data that is:o Reliable o Real timeo Granularo Forward lookingo Integrated
And decision making necessities…
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What? How?
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66%
7.697Billion
5.110Billion
4.437Billion
3.499Billion INTERNET
USERS
TOTAL POPULATION
UNIQUE MOBILE USERS
56%
ACTIVE SOCIAL MEDIA USERS
UBANISATION
MOBILE PENETRATION
Source: https://datareportal.com
to download all the data on the internet (*)
(*) 33 Zettabytes of data and an average download speed of 46Mbps.
181 million years
Source: Physics.org
Massive data!
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Augmented system
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Achieve full integration
Trust and investment
Ethical handling of big data
Better decision outcomes
Our ultimate goal!
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• Within the Bank:o Build capacities, start with basics, learning by doing,
start small, capitalise on the existing…o Build partnerships for knowledge transfer with NSIs,
academia, NGOs and the private sectoro Demystify - practical trainings for subject matter
specialists to help them gain efficiencyo Embed algorithms into business processes, not only
provide insights, through demand driven thematic voluntary working groups
o Produce official statistics : coverage, representativity, accuracy etc.
How to proceed…
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• With countries (for now):o Advocate for appropriate legal framework, digital
protection and personal data/privacy (i.e. through NSDSs and beyond)
o Trainings using practical examples to localize and test (i.e. UN Global Platform etc) – community centric approach!
o Advocate at the highest level to build trust and momentum around Big Data to stimulate investment
o Open up to youth and local start-ups to attract new talents into statistics and find solutions
How to proceed…
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Learning by doing…some examples
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Examples: The fact finder
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Examples: How long is a mile?
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Thank you