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Data’s value: how and why should we measure it? – The ODI

September 2, 2018 Bilal 0

Data’s value: how and why should we measure it? – The ODI https://ift.tt/2PsLqz7 Data’s value is more than the sum of its parts There are many issues with the oft-made adage that ‘data is the new oil’. The two differ in many characteristics; data is superabundant compared to the finite oil supply and is non-rivalrous in nature. Data, as an intangible asset, is characterised by externalities or spillovers, whereby its production or consumption benefits or harms third parties. Managed well – and in a way that reduces harm – data can be an important public good, which can help businesses […]

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The economic value of data: discussion paper

September 2, 2018 Bilal 0

The economic value of data: discussion paper https://ift.tt/2n6KzYS Policy paper The economic value of data: discussion paper A discussion paper on the economic value of data and the challenges to address to strengthen the UK’s position as a world leader in data-driven innovation. Documents Ref: ISBN 978-1-912225-80-4 , PU2169 PDF, 486KB, 23 pages Details Data is the fuel of the digital economy. Technological change has radically increased both the volume of data in the economy, and our ability to process it. This presents an opportunity to transform our economy and society for the better. This discussion paper provides an assessment […]