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This report explores the potential role of data and data analytics for the creation of significant competitive advantage and the formation of knowledge-based capital. Five sectors are discussed as areas in which the use of data can stimulate innovation and productivity growth: online advertisement, health care, utilities, logistics and transport, and public administration.
This series examines a wide range of activities aimed at improving our understanding of how ICTs contribute to sustainable economic growth and social well-being and their role in the shift toward knowledge-based societies.
This report takes an initial look at methodologies to measure and estimate the monetary value of personal data, which is creating economic and social value at an increasing pace. But measuring and estimating its value is difficult. This is because not only a huge amount of personal data is being generated, but also as it is used in many different situations and for numerous purposes.
The future will be inherently knowledge-based. Are we moving in the right direction? What must we know to be able to get there? Understanding knowledge-based capital is an important first step.
This report shows that despite the financial crisis, business-to-consumer e-commerce has grown steadily across the OECD, spurred by the spread of mobile devices, easy-to-use payment mechanisms and participative web tools such as price comparisons or consumer ratings. Trust in e-commerce, however, remains challenged by many issues.
In 2017 a household with two teenagers will have 25 Internet connected devices. In 2022 this will rise to 50, compared with only 10 today. In households in the OECD alone there will be 14 billion connected devices, up from 1.7 billion today and this doesn’t take into account everything outside the household and outside the OECD. All this leads to the smart world discussed in this paper.