Access Quote by Evgeny Morozov
“As befits Silicon Valley, 'big data' is mostly big hype, but there is one possibility with genuine potential: that it might one day bring loans - and credit histories - to millions of people who currently lack access to them.”
About This Quote
Source Speech: Interview on Big Data and Financial Inclusion, 2018
The speaker argues that while big data is often overhyped, it could democratize credit by reaching underserved populations.
In simple terms: Big data might enable loans for the unbanked.
Key Takeaway
Explore data-driven financial solutions.
Themes
technology
finance
equity
Mood
analytical
optimistic
Type
critical
visionary
When to use this quote
- microfinance
- loan underwriting
- policy making
Key Concepts
inclusion
risk
algorithmic lending
Questions to Reflect On
- What safeguards ensure equitable lending?
- How can we prevent new forms of discrimination?
A Different Perspective
Data quality and bias can hinder fair credit decisions.
![“To reject solutionism is to transcend the narrow-minded rationalistic mindset that recasts every instance of an efficiency deficit [...] as an obstacle that needs to be overcome.” quote by Evgeny Morozov](https://sms4smile.com/quotes/img-quotes/6b0/evgeny-morozov-2995_adversity_to-reject-solutionism-is-to-transcend-th_154423.jpg)
