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Cornelia Hammer, Ms. Diane C Kostroch, and Mr. Gabriel Quiros-Romero

segmentation optimizes companies’ promotions based on past purchases; and cross-channel personalization supports companies to retarget customers by planting ads in their social media feeds. Marketers ( Chain Store Age 2015 ) believe that individualizing customers’ e-shopping experience has led to higher engagement rates, consumer loyalty, and better brand recognition. Big data applications have leveraged interest in many organizations, from customer-facing companies in retail and e-commerce to banking, health care, and manufacturing. Simultaneously, the decreasing cost of

Cornelia Hammer, Ms. Diane C Kostroch, and Mr. Gabriel Quiros-Romero
Big data are part of a paradigm shift that is significantly transforming statistical agencies, processes, and data analysis. While administrative and satellite data are already well established, the statistical community is now experimenting with structured and unstructured human-sourced, process-mediated, and machine-generated big data. The proposed SDN sets out a typology of big data for statistics and highlights that opportunities to exploit big data for official statistics will vary across countries and statistical domains. To illustrate the former, examples from a diverse set of countries are presented. To provide a balanced assessment on big data, the proposed SDN also discusses the key challenges that come with proprietary data from the private sector with regard to accessibility, representativeness, and sustainability. It concludes by discussing the implications for the statistical community going forward.

. Governments could also explore redistributive taxation policies like differentiated income tax cuts and universal basic incomes to minimize the increase in income inequality due to technological changes. Finally, as big data applications and machine learning capabilities improve, technology itself can be harnessed to reduce labor market inefficiencies and improve the targeting and delivery of social benefits like healthcare, education, and pensions. Berger emphasizes the need to not let recent negative reports on automation dissuade us: “ If there is any truth to the

IMF Research Perspective (formerly published as IMF Research Bulletin) is a new, redesigned online newsletter covering updates on IMF research. In the inaugural issue of the newsletter, Hites Ahir interviews Valeria Cerra; and they discuss the economic environment 10 years after the global financial crisis. Research Summaries cover the rise of populism; economic reform; labor and technology; big data; and the relationship between happiness and productivity. Sweta C. Saxena was the guest editor for this inaugural issue.