Straight Talk Special Issue: Financial Services - 15
15
were encountering in the central IT group was
happening at the operational level as well. Each
of our 189 member countries gathered economic
information differently and defined data in its
own way.
The data council that was created has a pillar
that defines data for operations and a pillar
that defines data for development. This has
created a foundation for digital transformation.
We have a staff of incredibly well-educated
economists, but they weren't terribly tech savvy.
Once we were able to have these conversations
about data, however, it opened their eyes to
the technological possibilities. And we brought
in some younger IT professionals who began
to show them the really interesting things they
could begin to do with data.
We took high-resolution satellite
imagery in Pakistan, compared
that geospatial view with what we
knew about income distribution,
and found that the information
was tightly coupled.
For example, in order to achieve our twin goals
of alleviating poverty by 2030 and creating
sustained shared prosperity, we need to be able
to measure these metrics. But not every country
can afford to conduct a household survey at
least every other year in order to assess its
economic progress. In fact, there were about
75 that couldn't, and it would take hundreds of
millions of dollars in World Bank loans to those
countries to fund the surveys.
So we had to get creative. Pakistan, for
example, had a very robust annual survey
process. We know more about its income
distribution than any other country in the
region. So we took high-resolution satellite
imagery in Pakistan, compared that geospatial
view with what we knew about income
distribution, and found that the information
was tightly coupled. We could then take highresolution satellite images from Sri Lanka,
which could not afford the survey, and make
some accurate assumptions about income
distribution. We worked on that project with
Orbital Insights, a Silicon Valley startup.
Straight Talk Special Issue: Financial Services
Table of Contents for the Digital Edition of Straight Talk Special Issue: Financial Services
Contents
Straight Talk Special Issue: Financial Services - Cover1
Straight Talk Special Issue: Financial Services - Cover2
Straight Talk Special Issue: Financial Services - 1
Straight Talk Special Issue: Financial Services - Contents
Straight Talk Special Issue: Financial Services - 3
Straight Talk Special Issue: Financial Services - 4
Straight Talk Special Issue: Financial Services - 5
Straight Talk Special Issue: Financial Services - 6
Straight Talk Special Issue: Financial Services - 7
Straight Talk Special Issue: Financial Services - 8
Straight Talk Special Issue: Financial Services - 9
Straight Talk Special Issue: Financial Services - 10
Straight Talk Special Issue: Financial Services - 11
Straight Talk Special Issue: Financial Services - 12
Straight Talk Special Issue: Financial Services - 13
Straight Talk Special Issue: Financial Services - 14
Straight Talk Special Issue: Financial Services - 15
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Straight Talk Special Issue: Financial Services - 20
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Straight Talk Special Issue: Financial Services - 30
Straight Talk Special Issue: Financial Services - 31
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Straight Talk Special Issue: Financial Services - 35
Straight Talk Special Issue: Financial Services - 36
Straight Talk Special Issue: Financial Services - Cover3
Straight Talk Special Issue: Financial Services - Cover4
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