Good data management key to extracting value from big data – panellists
Big data proves most useful when backed by a well-designed production chain, experts say
Central banks will be able to make the best use of their data if they devote efforts to designing an efficient “production chain” to process the data and get it to the right people, according to an expert panel speaking today (September 26).
There is a risk of trying to “drink water from a firehose” if the data is not properly managed, warned Maciej Piechocki, a partner at BearingPoint. Putting in place a good governance framework can make the massive flow of data, for instance from regulatory
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