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In this presentation we review what Big Data and Artificial Intelligence (AI) can accomplish and explain their potential uses with a focus on its importance for economic analysis. In addition, we highlight how we are making use of Big Data at BBVA Research and why it's useful.

We offer a novel methodology combining high frequency card transaction data from BBVA and point-of-sale data from cash operations registered at convenience stores from Frogtek by Clarity AI to study changes in consumption patterns relative to variations in income, including changes in items consumed and payment channel.

In a recent BBVA Research publication, we presented an economic policy uncertainty index based on the content published in the main national newspapers. What lessons about the current economic situation does the index, which is broken down by s…

Engineers insist that sometime between 2030 and 2050 is when fiction will become reality, and artificial intelligence (AI) will exceed that of a human. Economists have a different answer - it will be at least another 100 years before that point…