In today’s world of mobile technology, social networks, pervasive satellite and sensor information and machine-to-machine transactions, data is becoming the lifeblood of many economies. Data-informed decision making is more important than ever before. However, the ability to use data in development and decision-making processes has not seen the same progress. Relying on data to inform decisions requires that the appropriate tools and analytical methodologies exist in order to use it effectively.
Through the Big Data Innovation Challenge, the World Bank is calling out to innovators globally for higher resolution, regional or sector-specific big data prototypes and solutions in support of watersheds, forests, food security and nutrition.
Here are five facts from our climate team about our water, forests and food security that remind us why your big data innovation is necessary.