The power of data | Economics. For Society.

Learn more about the power of data telling its story from Gregory Crawford, Professor of Economics at @uzhch and Chief Economist at @zalando.

Data are becoming the new raw material of business: an economic input almost on par with capital and labor. But – which data? And how do we use it?

So what are the problems facing a business and who is going to analyze all this data? Two types of experts make sense: data scientists specialize in prediction problems,econometricians specialize in causal inference problems.

We learn that the people who run the business often struggle to communicate effectively with the people who make the business run.

The future are economists – ‘interpreters’ that effectively connect business leaders to applied (data) scientists, as well as engineers and product managers.

#EconomicsForSociety #UZH #shareubs

[Sheeshening]

obnoxious music instead of reading
the text was a great touch