
Public-Private Partnerships in use of Big Data for official statistics
While around the world, statistical authorities in the public sector are still mostly regarded as the primary source for data and indicators, the private sector is increasingly moving into the business of providing data analyses and projecting trends. Currently, stock markets still look anxiously forward to press releases by statistical authorities such as the US Bureau of Labor Statistics and others on unemployment rates, consumer price indices or growth rates of international trade. These trends and analyses are generally released with a delay of 3 to 4 weeks.
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