Why investing in data is never money wasted
Tim Harford: when our information systems fail, we are flying blind. "There are the basics: we cannot find cases, we cannot run an efficient test-and-trace programme, we cannot easily see which hospitals are most in need of help. There are the big strategic calls: when to impose or lift restrictions based on prevalence. And there are the long-term issues: how can we target assistance to help rebuild the economy? Which children have fallen behind their peers? How is the criminal justice system bearing up? We know less than we should." The Undercover Economist contemplates the importance of collecting data on a macro-societal level in his Financial Times' column.
From Financial Times