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Big data implementation for price statistics in Indonesia: Past, current, and future developments

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The rapid development of Big Data as result of increasing interactivity with online systems between humans (e.g., online shopping, marketplace) and machine (internet of things, mobile phone, etc.) has led… Click to show full abstract

The rapid development of Big Data as result of increasing interactivity with online systems between humans (e.g., online shopping, marketplace) and machine (internet of things, mobile phone, etc.) has led to a measurement revolution. This massive data if being mined and analyzed correctly can provide valuable alternative data sources for official statistics, especially price statistics. Several studies for using diverse Big Data as new sources of price statistics in Indonesia have been initiated. This article would provide a comprehensive review of experiences in exploiting various Big Data sources for price statistics, followed by the current development and the near future plans. The development of system and IT infrastructure is also discussed. Based on this experience, limitations, challenges, and advances for each approach would be presented.

Keywords: price statistics; big data; data implementation; statistics indonesia; implementation price

Journal Title: Statistical journal of the IAOS
Year Published: 2021

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