The enormous wealth of information that has thus become available has great potential value if effectively captured and aggregated. However, it also poses fundamental challenges that are easily overlooked. Let me open this workshop by briefly mentioning three that I think deserve more attention than they usually get. First, big data are worth little if they are used in a methodologically unsound way.
As of date, the total amount reported at our help desk has crossed Rs769 million, with 2,031 victims and if you take into account those who did not come forward, the total amount of the scam may be estimated as being quite close to the billion.