Banking on Big Data analytics, National Statistical Commission Chairman RB Barman on Tuesday said the "herculean task" to move to web-based reporting system for data processing has begun in India.
Banking on Big Data analytics, National Statistical Commission Chairman R.B. Barman on Tuesday said the “herculean task” to move to web-based reporting system for data processing has begun in India. “We want to move to web-based reporting system so that from field we get the data, capture the data on web-based system and once data is captured, it becomes the truth,” Barman told the media here on the sidelines of the 70th convocation ceremony of International Statistical Education Centre (ISEC) at the Indian Statistical Institute.
“The data goes everywhere and we use that truth… we want to build the system from bottom-up but with the idea and concepts coming from top-down. It’s a huge challenge, it’s a herculean task but we want to make a beginning… the process has begun,” he said.
“Today some of the countries are using Big Data analytics to examine soil mositure content, water availability etc. to find which crop will work in a particular soil,” said the noted econometrician.
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To aid the transition to web-based reporting of data, Barman said five committees have been set up by the Commission. “We have set up five committees… We want to understand the the market micro-structure and all this leads us from statistics to analytics which is a combination of data warehouse and Big Data and the software that drives the analysis,” he added.