BI Insights

Will Big Data Transform Development?

19 June, 2017

Will Big Data Transform Development?

Big data is transforming the nature of business and profits world-wide. So, can it also transform international development?

The value of the EU data market was estimated at almost EUR 60 billion in 2016. It employs roughly 6.1 million workers. This expanding market is founded on the “digital breadcrumbs” of our modern society. Data brokers and analysts and the algorithms they design are wielding growing power throughout our economies and societies – they are used by recruitment agencies, dating sites and in election campaigns. Governments are tapping into databases owned by mobile phone companies, banks or internet giants like Facebook to track public opinion, target reforms and monitor performance.

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