‘Big data’ usage must for sustainable growth: SBP

KARACHI: State Bank of Pakistan Governor Jameel Ahmed has said that the unprecedented volume of data generated by digital devices underscores the potential of effective data utilisation in contributing to sustained economic growth. He stated this while delivering an inaugural speech at the SaarcFinance Seminar on the ‘Potential Role of Big Data in Economic Policy’ on Wednesday. The event, held in Islamabad, brought together distinguished delegates, subject matter experts, and esteemed speakers from the Saarc region to discuss the impact and implications of big data in shaping economic policies. “The unprecedented volume of data generated by digital devices underscores the potential of effective data utilisation in contributing to sustained economic growth, societal welfare, poverty reduction, and improved living standards across the diverse Saarc region,” said the SBP governor.