This guidance note discusses how the growing availability of new information sources can be integrated to maximise their use.
Based on central banks’ experience, it sheds light on:
- the scope and relevance of data integration in the context of the ongoing proliferation of information sources and innovative technologies;
- the associated benefits for both producers and users of statistics, especially to address the need for timely and multidimensional information while minimising reporting burden;
- the key challenges faced in this context, notably in terms of IT infrastructure, statistical methodology and data governance; and
- the possible ways forward to address these challenges, highlighting the need for a holistic approach to data in central banks.