Data serves as the foundation for decision-making

Today, Chairman of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, Zhandos Shaimardanov, stated during a lecture at the third cohort of the Senate's Analytics School on the topic "Data as the Foundation for Analytics."

During his speech, the speaker elaborated on the process of data collection, their transformation into information, the conversion of information into analytics, and the utilization of this analytics in decision-making.

As known, the National Statistics Bureau within ASPR is the official statistics producer in Kazakhstan. According to Zhandos Shaimardanov, the government agency is currently in an active stage of reform.

The speaker shared insights about ongoing projects within the Bureau and discussed cases and experiences in utilizing new sources for data collection and analysis across various trackers.

For instance, fiscal receipt data enables price monitoring, mandatory pension contribution data tracks population employment trends, invoice data facilitates economic activity tracker analysis, mobile data aids in evaluating migration and tourism activity, agricultural statistics can be measured using satellite imagery, and population living standards can be assessed based on banking transactions.

"New approaches enable timely statistic generation and more frequent assessment, reduce reporting burdens, optimize expenses, and enhance data quality," noted Zhandos Shaimardanov.

Additionally, attendees were presented with the experience of implementing an experimental approach to processing fiscal data, machine learning models, transactional data processing, as well as innovations in information publication processes and strengthening analytical capabilities.

At the end of the event, participants asked pertinent questions and received comprehensive answers.