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Has Big Data Made Us Lazy?

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Oct 21, 2016

On October 21, 2016, the Securities and Exchange Commission (SEC) released the speech "Has Big Data Made Us Lazy?" by Scott W. Bauguess, Deputy Director and Deputy Chief Economist of the SEC’s Division of Economic and Risk Analysis.

In his speech, Mr. Bauguess explains that just because we have a lot of data, that doesn't ensure that there will be an application for it all. And big data can’t fix bad empirical methods, and bad data can’t be analyzed no matter how big it is. Data quality remains important no matter its size. So, we continue to need to think carefully about how we collect data. And just as we did in assembling small data samples in a prior era, we need to do the same when generating large samples today.

Review the speech on the SEC's website.

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