Data-Driven Innovation
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Data-Driven Innovation

Big Data for Growth and Well-Being

Today, the generation and use of huge volumes of data are redefining our “intelligence” capacity and our social and economic landscapes, spurring new industries, processes and products, and creating significant competitive advantages. In this sense, data-driven innovation (DDI) has become a key pillar of 21st-century growth, with the potential to significantly enhance productivity, resource efficiency, economic competitiveness, and social well-being.

Greater access to and use of data create a wide array of impacts and policy challenges, ranging from privacy and consumer protection to open access issues and measurement concerns, across public and private health, legal and science domains. This report aims to improve the evidence base on the role of DDI for promoting growth and well-being, and provide policy guidance on how to maximise the benefits of DDI and mitigate the associated economic and societal risks.

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Preface You do not have access to this content

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Author(s):
OECD

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Social and economic activities are increasingly migrating to the Internet. The cost of data collection, storage and processing continues to decline dramatically. Ever larger volumes of data will be generated from the Internet of Things, smart devices, and autonomous machine-to-machine communications. We are now at the cusp of a new era, in which "big data" will play a transformative role.

 
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