IOM and McKinsey launch report on the value of migration data at the World Economic Forum
IOM´s Global Migration Data Analysis Centre and McKinsey Centre for Government (MCG) jointly released a report to highlight the value of migration data at Davos’ World Economic Forum on 24 January 2018.
The study titled “More than Numbers: How migration data can deliver real-life benefits” illustrates how investing in better data can help manage migration more effectively through real-life examples.
IOM´s Director General William Lacy Swing, Solveigh Hieronimus, Partner at McKinsey and Sigrid Kaag, Dutch Minister for Foreign Trade and Development Cooperation joined the launch of the report.
“Too often, data are seen as the abstract business of experts operating in backrooms. Yet data are essential to produce real-life results such as protecting migrants in vulnerable situations, fill labour market shortages and improve integration, manage asylum procedures, ensure the humane return of migrants ordered to leave or increase remittance flows,” IOM´s Director General William Lacy Swing explained in launching the report.
“More than numbers” illuminates how investing in migration data can bring huge economic, social and humanitarian benefits. It provides detailed calculations of these benefits, across a range of different policy areas, and for both developed and developing countries.
Looking ahead, the report provides guidance to countries interested in realizing these benefits and suggests ways to develop strategies to improve data on migration. For example, many migrants to the European Union have skills that do not match their jobs. McKinsey calculates that using data to reduce over-qualification would increase the income of migrants in the EU by EUR 6 billion.
Better data can also save labour migrants USD 6 billion in recruitment fees for jobs abroad or increase the money that migrants send home by USD 20 billion worldwide. Smart use of data can double the success rate of identifying human trafficking cases, speed up asylum applications or promote humane, voluntary returns.
Read the press release here.