Data collection from social media has produced unprecedentedly large and complex, though unstructured, datasets on economic agents’ behaviour and interactions, and these are proving to be a goldmine of economic information. We have been working with data analysis for many years, but it is now time to adapt our computational approaches to the new context.
The Bank of Italy, because of its multiple functions, follows the evolution of Big Data very attentively. We will discuss this topic in a workshop organized with the Bank of International Settlements next 15 January here in Rome. In the last few years we have progressed along our learning curve.