Big data: What it is, what it does and how it impacts the world of work

The latest episode of the “Global Challenges - Global Solutions” podcast explores the transformative role of Big Data in shaping policies and informing decision-making in today’s interconnected world. Big Data is different from traditional data, covering a wider range of information, and can include insights gathered from mobile phone data This new tool for powering economic development and informing policymaking can improve people’s lives and address the growing need for new and decent jobs. However, Big Data also raises concerns or questions around privacy, data sources and governance. In this podcast two experts on Big Data, Veronica Escudero, Senior Economist and Lead of the Skills, Labour Market Policies and Policy Evaluation Team of the ILO Research Department, and Sveta Milusheva, Senior Economist in the Development Impact department at the World Bank and co-lead of the Bank’s Global Data Facility – Mobile Phone Data for Policy (GDF–MPD) Program, explain how Big Data works and its impacts on the world of work.