The Future of Data in Economics: Prof. Laura Veldkamp’s Key Insights from 'The Data Economy'

In "The Data Economy," Prof. Laura Veldkamp explore the strategic role of data in modern economies, highlighting its impact on prediction, uncertainty reduction, and firm-level decision-making. Drawing on advanced macroeconomic and financial frameworks, they offer insights into how data influences production, pricing, market dynamics, and asset valuation. This episode provides valuable tools for practitioners, researchers, and students, presenting both theoretical foundations and practical applications in understanding the economic value of data and its broader implications. Prof. Laura Veldkamp is a professor of finance at Columbia University's Graduate School of Business and co-editor of the Journal of Economic Theory. She holds a Ph.D. in economics from Stanford and has served on the board of the American Finance Association. A fellow of the Econometric Society and the National Bureau of Economic Research, her research examines the impact of data and AI on markets, consumers, and the macroeconomy, with a focus on how these technologies influence economic measurement, financial valuations, and market dynamics. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. To learn more about our activities, follow us on our social media platforms listed below: 1) LinkedIn: https://www.linkedin.com/in/hellomrbhatt/ 2) Twitter: https://x.com/hellomrbhatt 3) Instagram: https://www.instagram.com/hellomrbhatt/?hl=en 4) Facebook: https://www.facebook.com/managementprofessional 5) Threads: https://www.threads.net/@hellomrbhatt Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Prof. Laura Veldkamp has graciously shared valuable insights from her book, "The Data Economy: Tools and Applications," on the Business Talk Podcast Channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.