Publications

Publications

The Potential of Digital Data: How Far Can It Advance Financial Inclusion?

The Potential of Digital Data: How Far Can It Advance Financial Inclusion?

The amount of electronic data generated by computerization—digital data—is growing at unprecedented rates. In a 30-minute span, the internet combined with devices such as phones, personal computers, and sensors will generate digital data equal to all written works in human history (Inc. Magazine 2012). This trend is accelerating, with digital data storage requirements projected to rise 10-fold by 2020 (Economist 2012). Financial services are an information business—can this growing wealth of data be harnessed to advance financial inclusion?

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