RBI to set up Data Sciences Lab to improve surveillance, early warning detection abilities
Reserve Bank of India (RBI) in its release on Thursday said that it has decided to set up Data Sciences Lab to improve its forecasting, surveillance and early warning detection abilities which will aid policy formulation.
RBI said the lab will comprise experts and budding analysts, who are trained in Computer Science, Data Analytics, Statistics, Economics, Econometrics and Finance. Image source: Reuters