Home Use of big data increases productivity by 5-10% - OECD
 

Keywords :   


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.

Tags: data big increases productivity

Category:Telecommunications

Latest from this category

All news

»
26.06Atlantic Tropical Weather Outlook
26.06Eastern North Pacific Tropical Weather Outlook
26.06XREAL bring Play Store apps to 3D space on XREAL AR glasses
26.06Qwilt reveals live streaming survey results
26.06Rockline Industries Wins WOW Innovation Award
26.06IMS Technologies Expands Calcinate Production Site
26.06Horizon expert 'gave evidence based on informal chats'
26.06Automotive Color by BASF Recognized with Renowned Red Dot Award
More »