This week, at the WorldBank’s Big Stats meeting , they discussed the need for governments to look closely at how big data can be applied to official statistics. Big data allows for quick results that provide really interesting answers that come out of questions asked of unstructured questions. On the other hand, official statistics take sometimes years to compile, are often out of date, but are usually trustworthy.
But what happens when you look at frontier markets? Does big data still have the same appeal, since so much of it is dependent on tracking through social networks accessible by only some of the population?