Global | The Covid-19 economic impact in Real Time and High Definition
Published on Thursday, October 22, 2020
Big Data techniques used
Global | The Covid-19 economic impact in Real Time and High Definition
Summary
Traditional data sometimes could not answer elevant questions and other times it could not have a fast answer to them. The use of Big Data and Data Science allows us to quantify these trends in real time. We process and analyze millions of aggregated and anonymized bank transactions to replicate economic indicators.
Key points
- Key points:
- Our developed consumption indicators help us to monitor the Covid-19 crisis in all countries where we have data.
- The time advantage on consumption evolution can be important especially in emerging countries.
- We have also developed Big Data Investment indices in real time to monitor economic activity.
- Our Big data investment indicators have “High Definition” too, this could be key to track investment by economic sectors and regions.
- We also track the media across the globe to monitor Covid-19 perceptions and concerns analyzing millions of media sources.
Topics
- Topic Tags
- Consumption
Tags
Authors
Tomasa Rodrigo
BBVA Research - Lead Economist