Data-Driven Economics: A New Era
Keywords
Abstract
In the last two decades, the world has entered a new economic era shaped by the power of data. The advent of big data, machine learning, and artificial intelligence has revolutionized economic theories, practices, and policies. This paper explores how data-driven economics is transforming traditional economic models, improving policy-making, and influencing decision-making in businesses and government. We examine key concepts, innovations, challenges, and case studies that illustrate the importance of data in shaping the future of the global economy.
Copyright & License
Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Cite this Article
Dr. Debdas Mondal (2025). Data-Driven Economics: A New Era. International Journal of Technology & Emerging Research (IJTER), 1(1), 14-16
BibTeX
@article{ijter2025212505071330,
author = {Dr. Debdas Mondal},
title = {Data-Driven Economics: A New Era},
journal = {International Journal of Technology & Emerging Research },
year = {2025},
volume = {1},
number = {1},
pages = {14-16},
issn = {3068-109X},
url = {https://www.ijter.org/article/212505071330/data-driven-economics-a-new-era},
abstract = {In the last two decades, the world has entered a new economic era shaped by the power of data. The advent of big data, machine learning, and artificial intelligence has revolutionized economic theories, practices, and policies. This paper explores how data-driven economics is transforming traditional economic models, improving policy-making, and influencing decision-making in businesses and government. We examine key concepts, innovations, challenges, and case studies that illustrate the importance of data in shaping the future of the global economy.},
keywords = {Data-Driven Economics, Big Data, Artificial Intelligence, Economic Policy, Machine Learning, Digital Transformation},
month = {May},
}