The Global Future Council on New Metrics examined the role of data in decision-making within future governments, as well as mechanisms to bridge the gap between traditional and new data providers and analytic methodologies, including big data and official statistics.
As part of the third edition of Global Future Councils annual meetings, the Global Future Council, the Global Future Council on New Metrics, aims at reaching a global consensus on the role of analysis based on data revolution to allow government stakeholders to understand and shape the future of society and the economy.
The Council, which serves as an advisory group to the New Metrics CoLab at the World Economic Forum’s Centre for the New Economy and Society, tackled the challenges faced by business leaders and policy makers to maintain the level of analytic depth necessary to enact future decisions for economic and social agendas. It also tackled the challenges posed by the lack of agility in traditional data systems, which is crippling proactive solutions to today’s key social and economic issues.
Members of the council reviewed traditional and new approaches to gaining insights on the global economy and society, as well as the new scope of "big data", and official statistics.
The third Annual Meeting of the Global Future Councils is held in Dubai, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in collaboration between the UAE Government and the World Economic Forum. The meetings bring together more than 700 of the most relevant and knowledgeable thought leaders from academia, government, business and civil society, grouped in 38 expertise-based, thematic councils that discuss the future of vital sectors and develop practical solutions to challenging issues.