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are often out of date, but are usually trustworthy.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?
