As the world grows more connected--through mobile phones, social media, internet, satellites, ground sensors and machines—governments and economies need better ways to harness these data flows for insights toward targeted policies and actions that boost climate resilience, especially amongst the most vulnerable. To make this data more useful for development, we need more data innovations and innovative public-private arrangements for data collaboration.
If you want to do something fast, do something that has already been done. If you want to hardwire a data innovation into World Bank Operations, be prepared to involve others in a process of learning by doing. – Holly Krambeck, Senior Transport Specialist, WBG
As the world grows more connected, data flows from a multitude of sources. Mobile networks, social media, satellites, grounds sensors, and machine-to-machine transactions are being used along with traditional data--like household surveys--to improve insights and actions toward global goals.
At the World Bank, a cadre of pioneering economists and sector specialists are putting big data in action. Big data sources are being harnessed to lead innovations like:
satellites to track rural electrification, to monitor crop yields and to predict poverty;
taxi GPS data to monitor traffic flows and congestion
mobile phone data for insights into human mobility and behavior, as well as infrastructure and socio-economic conditions
Ending poverty is within our reach. The percentage of people living in extreme poverty has more than halved since 1990, thanks to the sustained efforts of countless individuals, organizations and nations.
Many in the development community believe that innovation is increasingly becoming important to achieve development outcomes. A consortium of development agencies, including the World Bank Group, jointly launched ‘A Call for Innovation in International Development’, at the Financing for Development Conference in Addis Ababa, last year.
Last year, we spoke at Davos about Big Data. We were excited to explore the challenges and opportunities; especially in regards to the 2030 roadmap for the Global Goals (Sustainable Development Goals). So, a year on, has big data caught on?
In the Fall, I had the opportunity to participate at TEDx MidAtlantic and talk about some of the things we are doing at the World Bank's Innovation Labs. I was excited at this opportunity to share the stage with inspiring speakers such as, Barbara Amaya, anti-trafficking advocate; Katie Bechtold, flight controller Pluto mission; Kavita Shukla, social entrepreneur; Jose Andres, renowned chef; Lawrence Lessig, democracy reformer, and many other truly inspiring speakers.
The World Bank is working toward two incredibly ambitious goals: ending extreme poverty by 2030 and ensuring shared prosperity for the bottom 40% of the population in each developing country. To achieve these goals will take not only the World Bank Group, the United Nations and all the national and multilateral development agencies, it will take all of us.
High income economies are dominating global innovation. Led by Switzerland, the top 10% are outpacing the rest in innovation as measured by the 2014 Global Innovation Index. This rich-poor innovation divide is striking with a handful of high income countries, mostly in Europe accounting for most of the top 10%. The bottom quintile consists of predominantly low income economies with more than half from Sub Saharan Africa.
The top innovating economies rate strongly on the quality of their institutions including a stable political environment and an effective regulatory and business environment. They benefit from and continue to invest heavily in human capital, research and development and infrastructure. They score highly on business and market sophistication – good management is fundamental for private sector innovation. They have also established most if not all of the elements of a successful innovation ecosystem. These countries consequently dominate in knowledge outputs including on most measures of knowledge creation, impact and diffusion as well as in technology and creative outputs.
It is difficult to imagine that poor countries or emerging markets without innovation will be able to catch up and become high-income economies in the 21st Century, an era already characterized by previously unimaginable technological progress and, importantly, international diffusion. Populations in these countries are in dire need of innovative solutions to deliver clean water and energy, health and education services, better housing, sanitation and transportation and increased food production while battling the adverse impacts of climate change. These economies need to create jobs for millions of unemployed youth leveraging the benefits of an increasingly digital global economy.
What can be done to bridge this yawning innovation and competitiveness gap?