It will also require tighter cooperation between the private sector, which typically owns most of the new data, and the public sector, which uses such data for policy reasons and for the common good. 6. The challenges generated by big data and machine learning technologies require continuous organizational and technological innovation in the institutions that want to use them effectively and fairly.
Banca d’Italia has taken several steps in recent years to enhance its ability to collect, store and exploit huge amounts of data, using state-of-theart hardware and software. Other institutions are doing the same. Let me conclude my talk by thanking, once again, all the speakers and participants for joining us today. We hope to welcome you here in person in the future.