pp. 3191-3205
S&M4112 Technical paper of Special Issue https://doi.org/10.18494/SAM5580 Published: July 31, 2025 Big Data and Novel Sensors to Enhance Effectiveness of Monetary Policy in Internet of Things Era [PDF] Xin Zhang, Sha Yang, Changping Lu, and Fengchang Fei (Received January 27, 2025; Accepted June 20, 2025) Keywords: monetary policy, big data, sensor technologies, economic growth
Sensor technologies with big data analytics provide effective solutions to monetary policy. When deriving the economic parameter indexes from historical data, policymaking cannot effectively respond to current economic situations. Therefore, near real-time transactional data is required for the prediction of energy consumption, consumer behavior, and economic parameters. By using sensor technology, data leakage, technical discrepancies, and restricted expansiveness in the prediction can be addressed. By using encryption protocols, the reliability of present and predicted data can be used for industrial development and allows for the efficiency of real-time analysis of the data. Effective decisions can also be made on economic policies to enhance economic stability in the complicated global economy.
Corresponding author: Xin Zhang![]() ![]() This work is licensed under a Creative Commons Attribution 4.0 International License. Cite this article Xin Zhang, Sha Yang, Changping Lu, and Fengchang Fei, Big Data and Novel Sensors to Enhance Effectiveness of Monetary Policy in Internet of Things Era, Sens. Mater., Vol. 37, No. 7, 2025, p. 3191-3205. |