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...Irving fisher committee on central bank statistics ifc working papers no big data the hunt for timely insights and decision certainty banking reflections use of policy purposes by per nymand andersen february are written staff member institutions from time to or in cooperation with economists statisticians other views expressed them those their authors not necessarily its international settlements this publication is available bis website www org all rights reserved brief excerpts may be reproduced translated provided source stated issn online isbn progress lies enhancing what but advancing towards will khalin gibran abstract a new paradigm has emerged despite human instinct reject cannot fully comprehended industry extracting causations among multiple pools micro that previously looked unrelated leading indicators generate economic theories banks do have ahead curve they should miss opportunity extract signals almost real learn methodologies enhance forecasts obtain more precise evalu...