However, focused studies on specific market segments are generally not feasible. Micro data initiatives are based on a fundamentally different concept: data should only be collected once and be used to compile various statistics. This approach entails initial investment costs – for example, investment in information technology and training staff – as well as current expenditure for data collection and program maintenance.
However, this information also has a much greater scope of use. Compared with traditional statistics, micro data offer a range of advantages for various user groups. 3. What are the benefits of using micro data? Over the past decade, the availability and use of micro data have revolutionized empirical work on financial systems (Deutsch Bundesbank 2015a).