BBVA Research Launches New Big Data Platform

BBVA Research introduces an AI and big data platform of real-time economic, social and geopolitical cognition.

BBVA Research has also stepped up its efforts in terms of digital innovation by introducing a new section on its site that uses big data and AI. It provides an up-to-date interactive means of analyzing economic, social and geopolitical trends based on daily data and real-time visualization.

There are three pillars that the new hub is structured based on: real-time economics, high-definition economics and AI-driven geopolitical analysis. In real-time economics, the interactions among customers are anonymized to keep track of consumption and investment as well as the activity of the sector on a daily basis. High-definition economics disaggregates indicators to regions, provinces, and cities so that local understandings can be derived by using big data.

The geopolitical part uses natural language processing and AI to track the uncertainty, global tensions, and risks by analyzing thousands of news events per day. This gives an extended and eventful picture of the world processes.

BBVA Research focuses on making economic data more accessible and transparent, which will enhance the company’s leadership regarding the application of big data and AI in economic knowledge. Jorge Sicilia, Head of BBVA Research, stressed that the new platform is a significant move in the direction of the democratization of data and the enhancement of people's awareness about the economic reality.

The tool also extends the regular reports of BBVA, which provides downloadable graphics, global comparisons, and global analytical orientation. This superior big data platform will enable researchers, institutions, and media outlets to monitor economic and social changes in real time.