Luigi Federico Signorini: Harnessing big data & machine learning technologies for central banks
The views expressed in this speech are those of the speaker and not the view of the BIS.
Ladies and gentlemen,
This two-day workshop on ‘Harnessing Big Data & Machine Learning Technologies for Central Banks’ is now drawing to a close. Let me begin by thanking all the speakers, discussants and participants who have contributed to the success of this initiative. I have the pleasure of sharing with you some thoughts on the main issues.
The papers presented during this two-day workshop have left no doubt as to the actual and potential value of big data and their importance for economic analysis. The present wave of data warehousing and business analytics confirms this, with big data poised to deliver topline research and statistical applications in a cost-effective way.