Economics Archives - Insightoriel

Per Capita GDP and HDI Relationship | Human Development Index | Interesting Application of Correlation

January 9, 2022August 10, 2021 by Insightoriel

In the present scenario, we are frequently talking about GDP growth and economic development. There are many parameters which are responsible directly or indirectly for economic changes of any county. Factors are like population, export, import, GDP, per capita GDP, human development index (HDI), National income and many more. There are many factors which are … Read more

Data is the New Oil in 21st Century | Know why in 21st Century We are saying that Data is the New Oil?

February 16, 2022January 20, 2021 by Insightoriel

If we look at recent value addition on human civilization, we can not ignore data as a factor. So, one question comes into our mind that can we compare data with oil? In other words, can we say that data is the new oil in 21st century? Let’s deep dive into the concept.