2020 Big Data: New Opportunities in Economic and Statistical Analysis

Big Data: New Opportunities in Economic and Statistical Analysis

Big Data: New Opportunities in Economic and Statistical Analysis

November 11 - 12

Course Chair: Per Nymand- Andersen, Advisor, European Central Bank

In 2020 central bankers and supervisors around the world acknowledge the insights Big Data brings in areas including monitoring of systemic risk build-up, nowcasting of price levels trends, and even financial crime detection. If used effectively, Big Data has the potential to provide an even greater depth and breadth of understanding: strengthening the decision making process in central banks, and thus, making for better policy formulation and implementation.

And this, as central banks acknowledge, is only the beginning. The challenge for central bankers now is how to best use these new technologies, to understand their limitations, and to communicate their findings.

This course, “Big Data: New Opportunities in Economic and Statistical Analysis” is designed to equip central bankers to meet these challenges and more.

 

Learning outcomes

By the end of the training course, participants will have gained new knowledge and a more comprehensive understanding of:

  • New opportunities in cloud and advanced data analytics
  • Using big data for nowcasting macro-economic indicators
  • Making the most of big data in risk-based reporting
  • Big data governance and impact institutional organisations
  • Big data as a tool for monetary policy analysis and implementation
  • Matching analytical capabilities with a supervisory framework
  • Combining big data analytics and machine learning

Per Nymand-Andersen

Emeritus adviser

European Central Bank

Per Nymand-Andersen has over 25 years of Central Banking Experiences and was part of creating and developing the European Central Bank from scratch. Per has developed his expertise in banking and financial markets, fintech, data science, communications, securities settlement systems, statistics and Management.

Per holds several Fintech/data science Advisor Board positions in private and simi-public organisations. Per is a Lecture at Goethe-Universität Frankfurt and is a frequent speaker at international events and author of several publications/articles regarding financial markets, data science, communication and statistics. His recent renown book “Data science in Economics and Finance for Decision Makers” was published by Riskbooks.com.

Prior to joining the ECB, he provided market research consultancy services for the European Commission, Luxembourg.

Per has an MBA in Economics and Management Science from Copenhagen Business School, Denmark and has a Fintech certificate from Harvard University.

Per speaks four languages (English, German, French and Danish).

Further details: https://www.linkedin.com/in/per-nymand-andersen-81609913

What to do next?

The course ran in 2020; we have new courses scheduled for 2021



VIEW 2021 COURSES