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MoSPI proposes to use big data analytical tools to improve official statistics
Why in news?
- The statistics ministry proposes to set up a 'National Data Warehouse' with a view to leveraging big data analytical tools to further improve the quality of macro-economic aggregates.
- Efforts are also on to evolve a legislative framework under which the National Statistical Commission (NSC) may function with independence and give holistic guidance for improving the national statistical system.
More in news
- Need for reforms:(1) Over a period of time, there have been increasing demands on the statistical system for the production of relevant and quality statistics.(2) As far as the statistical reforms are concerned, it is important to note that system reforms are an ongoing process and are necessary for ensuring responsiveness to the changing needs of society.(3) Advent of technology necessitates reforms in statistical processes and products with an aim to synergize the existing resources so that the system remains responsive.(4) The recent step for the merger of CSO and NSSO was aimed at leveraging the strengths of the two organizations so that it can meet the increasing demands.
Source
The hindu