Thursday, Apr 18 2024 | Time 08:50 Hrs(IST)
image
Business EconomyPosted at: Oct 21 2020 7:38PM


Thousand Cities Strategic Algorithms Answers Post-Pandemic Economic Concerns During RBWCs IMF/World Bank Meeting with a Breakthrough Data-Driven Macroeconomic Solution

WASHINGTON, Oct. 21, 2020 /PRNewswire/ -- The Reinventing Bretton Woods Committee (RBWC) recently hosted the first of its IMF/World Bank Fall Meetings – "The Economics of Pandemics: The Role of Data". Thousand Cities Strategic Algorithms (TCSA) was invited as a panelist and distinguished expert in the field of sovereign currency technologies.

The weeklong IMF/World Bank Fall Meetings were attended by global central bank authorities, such as the Head of Statistics at the Bank of International Settlements, as well as central bank governors and representatives from Japan, Canada, Singapore, Spain, Czech Republic, Armenia, South Africa, Brazil, Mexico, and Peru. Attendees discussed the increasing importance of data-driven policymaking after the pandemic and shared their visions for building economic resilience through financial and technological innovations.

In the face of the universal economic challenges shared by these global authorities, Mr. Adkins Zheng, the Chief Algorithm Officer of TCSA, put forward an innovative macroeconomic theory and data technology solution to global economic challenges.

To fight increasing chaos and build a global economic framework capable of sustainable, endogenous growth, the TCSA research team has achieved two significant and fundamental breakthroughs in the pursuit of a national "economic data brain" for global policymakers:

First, TCSA developed a fully digitizable and algorithmic macroeconomic framework capable of synchronizing and integrating national economic, fiscal data, and monetary/financial data systems. This framework innovates upon existing international statistical standards like the "SNA, GFS, and MFSMCG."

Second, TCSA has overcome the technological bottleneck of computing extreme quantities of granular, national-scale data sets. Many countries have proposed the concept of a national "economic data brain" but cannot overcome the shortage of processing power and capital investment costs. TCSA's data system has created a simpler algorithmic structure that forms the basis of a highly efficient, logic-oriented, and cost-effective next generation data network.

Reportedly, TCSA's Global Affairs department has established English, Russian, Spanish and Arabic multi-lingual task forces to provide breakthrough consulting services to various economic entities.

Photo - https://mma.prnewswire.com/media/1317082/aaa0298c3c3f29d69a21c26b619a02b.jpg
(Disclaimer--Features may vary depending on the regions; subject to change without notice.)
Please log in to get detailed story.
Tags: #Thousand Cities Strategic Algorithms Answers Post-Pandemic Economic Concerns During RBWCs IMF/World Bank Meeting with a Breakthrough Data-Driven Macroeconomic Solution
More News

17 Apr 2024 | 7:45 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

17 Apr 2024 | 7:31 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

Premier Energies Photovoltaic Private Ltd secures export order from Amara Raja Infra for Bangladesh project

17 Apr 2024 | 7:23 PM

Kolkata, Apr 17 (UNI) Premier Energies Photovoltaic Private Limited, a wholly owned subsidiary of Premier Energies Limited (PEL), India’s second largest integrated solar cell and solar module manufacturer, has achieved another milestone by securing a 140 megawatt (MW) Solar PV Modules supply export order from Amara Raja Infra Private Limited for an EPC project in Bangladesh.

see more..

ZEE new org structure – Broadcast, Digital, Movies & Music key Biz verticles

17 Apr 2024 | 6:00 PM

New Delhi, Apr 17 (UNI) A day after withdrawing merger implementation application from NCLT, ZEE Entertainment on Wednesday announced new structure for the organization across 4 key business areas – Broadcast, Digital, Movies and Music with a view to enhance performance and profitability.

see more..

PHD Chamber identifies 10 key enablers for India to become Viksit Bharat by 2047

17 Apr 2024 | 5:01 PM

New Delhi, Apr 17 (UNI) Industry body PHD Chamber of Commerce and Industry has identified 10 key enablers including ease of doing business, reducing cost of doing business such as cost of capital, power, logistics, land among others, that would lead the Indian economy to “Viksit Bharat by 2047”
Releasing a blueprint for “Viksit Bharat by 2047”, the PHDCCI said the Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds. India’s economy will become USD 34.7 trillion by 2047 with per capita income of USD 21000.

see more..
image