Covering Disruptive Technology Powering Business in The Digital Age

Big Data has the challenge to explore nontraditional data sources, such as Big Data, to complement traditional data sources.

The term “Big Data” has become a buzzword in business, technology, and science, taking over the hype from “Data Mining” and other similar terms about the use of information from huge databases.

Businesses have used Big Data to learn about customer preferences but Big Data applications have gone beyond the realms of business.

There are issues on the use of Big Data in official statistics. Producers of statistics within governments follow a code of practice embodied in the United Nations Fundamental Principles of Official Statistics (FPOS).

Implicit in the first principle are the definition of official statistics, which is, “data about the economic, demographic, social and environmental situation,” and the mandate of national statistical systems to be auditors of a country’s socioeconomic performance.

But can Big Data really measure progress and development?

Read more about it at:

http://www.rappler.com/business/features/56231-big-data-measuring-progress-and-development

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