Garbage In – Garbage Out ⦒ A statistic is as good as the source and the method 【 NSSO, MCA 】

NSSO report on services sector to be examined by committee. The NSSO report has generated controversy following its observation that as much as 36% units forming part of MCA-21 database, used in computing GDP, were neither identifiable nor traceable in the field.

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Business of Intelligence: Insights from Data Policy of x——x

Although we all know websites, particularly those which offer free utility services like email in general use our data to finance their business. However, consumption websites/ portals and platforms use something called data colonization to finance, operate and earn profits. Here I take an example of the data policy from one such website.

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Reducing Bank’s lending risks will benefit which segments of Indian society?

Indian credit bureaus are waiting for the final draft of the personal data protection law to understand whether they can use alternative data for generating scores, helping assess the creditworthiness of potential borrowers lacking loan records. Alternative data for credit bureaus are data sets acquired from sources outside the core banking systems, such as those from telecom companies, payment firms, and government databases. These could supplement existing core bank data with bureaus in the analysis of transaction behavior patterns of customers.

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CCI scanner on big data sector to prevent anti-competitive activity

The Competition Commission of India (CCI) is focusing on the big data sector to prevent anti-competitive activity. “We will conduct surveys of big data firms and new-age economy companies,” said CCI, chairman. CCI was trying to understand how anti-competition activities were conducted in this sector. The new-age economy includes all e-sales platforms.

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