The potential power of big data, statistics and AI in financial services sector in developing countries

Nicholas Biekpe ()
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Nicholas Biekpe: Chartered Institute of Development Finance

Development Finance Agenda, 2024, vol. 9, issue 6, 3

Abstract: The relationship between big data, statistics, and Artificial Intelligence (AI) is symbiotic and mutually reinforcing. Big data provides the material, statistics the methodology, and AI the intelligence to transform raw information into actionable insights and automation. Together, they enable new possibilities for innovation, decision-making, and economic development across various domains. Sadly Africa, and other developing countries, currently have neither the required values nor volumes they can rely on.

Date: 2024
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