very informative article on AA and data empowerment.In fact, it will decrease the repetitive administrative responsibilities and the employees will have more time ti focus on creative and rewarding job related activities. I think last year NITI AAYOG Also made a policy on data empowerment and protection.
We live in a data driven world. While on one hand , there is a move towards data based governance and decision making, on the other hand there is a concern about the "statistical vaccum "due to a number of national statistical bases getting eroded either through delays or data suppression.. There is a need for decentralized system of data collection process and states should build their own data bases. The states need to invest heavily in in both human and technical infrastructure with a built in quality control measure.
Really exciting development Anil and these days I am keeping abreast of these very important developments, by catching up on your weekly newsletter. Thank you. Everything seems to be the perfect recipe for a dynamic GDP growth; just what the doctor ordered. I only wanted to know whether this easy availability of funds will also be a catalyst for a larger number of defaults in repayment of loans ?
Very good piece and explained very well. Im seeing a very big opportunity. Look forward for another piece on what kind of business opportunity AA offer for intermediaries, banks and individuals and its role on India moving from $2 trillion to $5 trillion economy
Thank you for a comprehensive review on AA and its consequences to credit distribution. While I understand, AA as a consent layer shall help secure credit in a more effective manner for those that have the requisite data. Is there a way this could also work for the rural population/financially under served where cash is still dominant and data is almost absent?
Thank you Anil for the wonderful article. As mentioned legacy media underplayed it and I missed it completely. Without your newsletter, it would have caught me by surprise sometime later.
This AA Innovation has immense possibilities.As usual, the mainstream media missed out on these developments.
The access to the credit for the poor households and MSME is very restricted.Micro- finance has been a major and remarkably successful innovation.But the interest rate of 24-36% they have been charging is exploitatively high.That too, default has been very low, when compare to other segments of the borrowers.
Hope, AA based lending will bring in efficiency in risk rating
Dear Anil,
very informative article on AA and data empowerment.In fact, it will decrease the repetitive administrative responsibilities and the employees will have more time ti focus on creative and rewarding job related activities. I think last year NITI AAYOG Also made a policy on data empowerment and protection.
We live in a data driven world. While on one hand , there is a move towards data based governance and decision making, on the other hand there is a concern about the "statistical vaccum "due to a number of national statistical bases getting eroded either through delays or data suppression.. There is a need for decentralized system of data collection process and states should build their own data bases. The states need to invest heavily in in both human and technical infrastructure with a built in quality control measure.
Really exciting development Anil and these days I am keeping abreast of these very important developments, by catching up on your weekly newsletter. Thank you. Everything seems to be the perfect recipe for a dynamic GDP growth; just what the doctor ordered. I only wanted to know whether this easy availability of funds will also be a catalyst for a larger number of defaults in repayment of loans ?
Dear Anil,
Very good piece and explained very well. Im seeing a very big opportunity. Look forward for another piece on what kind of business opportunity AA offer for intermediaries, banks and individuals and its role on India moving from $2 trillion to $5 trillion economy
Dear Sir,
Thank you for a comprehensive review on AA and its consequences to credit distribution. While I understand, AA as a consent layer shall help secure credit in a more effective manner for those that have the requisite data. Is there a way this could also work for the rural population/financially under served where cash is still dominant and data is almost absent?
Thank you Anil for the wonderful article. As mentioned legacy media underplayed it and I missed it completely. Without your newsletter, it would have caught me by surprise sometime later.
Waiting eagerly to see how this miracle pans out.
https://twitter.com/finbook_club/status/1433350827016540161
This AA Innovation has immense possibilities.As usual, the mainstream media missed out on these developments.
The access to the credit for the poor households and MSME is very restricted.Micro- finance has been a major and remarkably successful innovation.But the interest rate of 24-36% they have been charging is exploitatively high.That too, default has been very low, when compare to other segments of the borrowers.
Hope, AA based lending will bring in efficiency in risk rating
Very nicely put and explained.
Ajit Verma
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