We live in a galaxy of data. From satellites and smartwatches to social media and swipes at a register, we have ways to measure the economy to an extent that would have seemed like science fiction just a generation ago. New data sources and techniques are challenging not only how we see the economy, but how we make sense of it. The data deluge raises important questions: How can we distinguish meaningful signals of economic activity from noise in the age of artificial intelligence, and how should we use them to inform policy decisions? To what extent can new sources […]

Read the full story, “Better Economic Measurement Is About Wiser Use, Not Just More Data”, on globalissues.org