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Use of big data increases productivity by 5-10% - OECD
2015-10-07 14:37:00| Telecompaper Headlines
(Telecompaper) Companies using data-driven innovation have increased their productivity 5-10 percent faster than non-users, according to a new OECD report. The migration of economic and social activities to the internet and the advent of the Internet of Things along with dramatically lower costs of data collection, storage and processing and rising computing power means data-analytics is increasingly driving innovation and is potentially an important new source of growth, said the OECD. However, the report finds that countries could be getting much more out of data analytics in terms of economic and social gains if governments did more to encourage investment in "Big Data" and promote data sharing and reuse.
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Category:Telecommunications