He said while inaugurated SAARCFINANCE Seminar titled ‘Potential Role of Big Data in Economic Policy’, said a news release here. The event brought together distinguished delegates, subject matter experts, and esteemed speakers from the SAARC region to discuss the impact and implications of big data in shaping economic policies.
Governor SBP highlighted the growing role of big data in central banking, financial inclusion, and how the SBP is incorporating big data analysis in policy making. He also shared examples of how the central bank uses big data analytics for economic analysis, leveraging satellite imagery data, and harnessing the power of machine learning algorithms for fraud detection and prevention.
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