Big Data latest publications
An analysis of economic variables and through Big Data is made to quantify the effects of sargassum in the tourist activity of Quintana Roo in 2019. The results do not find solid evidence in this regard, either because it was not a relevant factor or by the success of mitigation actions.
The protests in Iraq, Lebanon and Iran against government policies triggered questions about the regional stability. Hong Kong pro-democracy candidates gained huge victory in local elections. Social unrest in Latin America intensified in some countries and they should be closely monitored.
November 26, 2019
The use of Big Data at BBVA Research to understand the society, the economy and the world
The text is a key source of information to enrich the analysis. News can be an important source of information on geopolitical events such as sanctions and foreign relations, we can also focus on critical challenges and how the media talks about them.
The NLP importance in business and economics as a key source of information to enrich business and economic analysis. US corporate quarterly and annual reports provide a comprehensive overview on a company's activities and financial performance throughout the year and future plans.
The US army killed ISIS leader al-Baghdadi. Meanwhile, Turkey brokered separate deals with U.S. and Russia to ensure a safe zone in northern Syria. The UK decided to hold general elections as the EU granted the country a Brexit extension until January 31. The US and China trade war eased with a “phase one” trade deal.
Turkish unemployment data is published with a significant delay (nearly three months), making it difficult to analyze the labor market in advance. In order to assess the evolution of the unemployment in high frequency, we have developed a dynamic model combining both the Business Cycle and Google searches for jobs.
Big data techniques help us to enrich traditional databases with high dimensional data, but there are still some challenges we have to face. Real time data, combined with historical data may end up changing the way in which economists approach empirical questions and the tools they use to answer them.
October 14, 2019
Opportunities and challenges of using big data for policy analysis at BBVA Research
Big data helps us to enrich databases and improve economic indicators, at the same time allow us to understand and represent multidimensional indexes in a simple way. But the use of unstructured and massive data could be a challenge to traditional techniques, making the data treatment a crucial part of the working process.