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Central banks' soaring use of big data poses management, privacy concerns, says Bank for International Settlements

By Neil Roland ( March 12, 2021, 20:58 GMT | Insight) -- Central banks face management, technical and privacy challenges posed by their mushrooming appetite for big data collected from banks, social media and web pages, a Bank for International Settlements paper said. These institutions worldwide are grappling with the availability of information technology and IT staff for storage and analysis of data used for research and policymaking, it said.Central banks face management, technical and privacy challenges posed by their mushrooming appetite for big data collected from banks, social media and web pages, a Bank for International Settlements paper said....

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