Dollar Street Dataset

dollar street
Machine learning algorithms are becoming increasingly important in today’s data-driven environment for decision-making in a variety of businesses. These algorithms are not impervious to biases, either, particularly when it comes to socioeconomic variables. This essay will examine the ways in which the Dollar Street Dataset is assisting in the fight against algorithmic bias and the reasons for its creation.
Why does one go to Dollar Street?
An inventive project called Dollar Street seeks to close the gap between machine learning, data, and social realities. It offers a vast database of households classified according to their living conditions and income from all around the world. Researchers and developers can learn more about the lives of people from various economic origins by using this information.
Why did Dollar Street get created?
Getting rid of socioeconomic prejudice in machine learning algorithms is Dollar Street’s main objective. Numerous algorithms, such as those that are employed in hiring procedures, credit scoring, and resource distribution, have the unintentional tendency to bias against people from lower-class origins. To address this issue, Dollar Street was established, presenting a wide range of datasets that faithfully depict individuals’ living circumstances throughout the income spectrum.
Dollar Street was established when?
In 2017, Dollar Street was established as an initiative of the nonprofit group Gapminder, which aims to advance a worldview based on facts.
Dollar Street was founded by whom?
Hans Rosling, a well-known professor of global health and co-founder of Gapminder, started Dollar Street. His goal was to build a platform that would aid in the understanding of the global socioeconomic environment by academics, decision-makers in government, and corporations.
Gapminder’s Function
What is the purpose of Gapminder?
An group called Gapminder is committed to advancing global development and dispelling myths regarding global trends. It offers scholars, instructors, and decision-makers useful information and resources to improve their comprehension of international affairs.
Gibminder is it free?
Yes, Gapminder is a great resource for anyone looking to learn more about global development patterns because it offers free access to its data and tools.
Who is GapMinder’s CEO?
Anna Rosling Rönnlund was Gapminder’s CEO as of October 2023.
How come it’s named Gapminder?
The term Gapminder represents the organization’s goal of closing the knowledge gap on international development challenges. It seeks to “mind the gap” in perception and understanding of the socioeconomic realities of the world.
The Dollar Street Dataset’s creation
How is data collected by Gapminder?
Data for the Dollar Street Dataset is gathered by Gapminder from a global network of volunteers and photographers who visit homes. They record photos, movies, and interviews that offer a thorough look inside people’s lives, residences, and belongings.
Can I get data from Gapminder?
Indeed, Gapminder makes its datasets—including the Dollar Street Dataset—available for academic and research uses. To download the data, go to their website.
Why is Gapminder funded?
Gapminder is supported by a number of sources, including grants from the government, charitable contributions, and individual gifts.
Who provides the funding?

The Swedish International Development Cooperation Agency (Sida), the Bill and Melinda Gates Foundation, and numerous other groups dedicated to advancing global development are among the sponsors of Gapminder.
Richer Information and Its Consequences
Is richer data what?
The term “richer data” describes datasets that offer a more thorough and in-depth perspective on a subject or topic. It refers to having access to a wealth of data regarding homes, their belongings, and living situations in the context of this Street.
Whose business has the most data?
Because of their online platforms and services, companies like Google, Facebook, and Amazon are well-known for having enormous amounts of data. But data ownership is a complicated and dynamic topic.
Contemplating a Society on the Same Street
Imagine if everyone on the planet shared a single street.
The idea of everyone on the planet residing on the same street is an interesting thought experiment, but it is extremely unlikely due to logistical, cultural, and geographical obstacles. It’s critical to acknowledge and value the diversity in our world.
In summary
One effective weapon in the fight against socioeconomic bias in machine learning is the Dollar Street Dataset. In order to construct more fair algorithms, researchers and developers can benefit from this comprehensive and diverse representation of families around the globe. Gapminder’s pledge to make this data freely accessible highlights its commitment to advancing international knowledge and development.
Q&As
What is the Dollar Street Dataset’s access mechanism?
The Dollar Street Dataset is available on the Gapminder website.
Does Gapminder have current data?
Although Gapminder makes every effort to maintain its data as current as possible, it is still important to visit their website to see the most recent releases and updates.
Is it possible to use Dollar Street data for business purposes?
The main use of this are study and teaching. There might be particular terms and restrictions for commercial use; it’s best to check Gapminder’s policies.
What role may I play in Gapminder’s mission?
You may help Gapminder achieve its goals by volunteering, making a donation, or raising awareness of the company’s efforts.
Which real-world uses does the Dollar Street Dataset have?
The dataset can be used to enhance the accuracy and fairness of a number of applications, such as resource allocation, credit scoring, and healthcare access. It can be used by institutions and researchers to lessen algorithmic bias.
Read More Delilah Raige