The use of Big Data at BBVA Research to understand the society, the economy and the world

Summary

The text is a key source of information to enrich the analysis. News can be an important source of information on geopolitical events such as sanctions and foreign relations, we can also focus on critical challenges and how the media talks about them.

Key points

• Key points:
• Technology provides us new opportunities to analyze massive data on real time and high definition coming from new sources.
• New data sources allow us to better analyze in real time and in high definition for our clients and also exploit non-traditional data to better understand political, social and geopolitical challenges.
• Google Correlate & Trends can help us to provide extra information to improve nowcast and forecast.

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