Directorate for Science, Technology and Innovation

OECD news on innovation, science, technology and industry: January-February 2015


OECD news on innovation, science, technology and industry

January-February 2015

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International Conference on Innovation for Inclusive Growth, India, 10-12 February 2015

How can innovation reduce social inequality?

In serving the welfare of lower–income groups, policy makers are confronted with the challenge of boosting economic growth while making it socially inclusive. Key to the debate on inclusive innovation is what role governments, the private sector, research communities and other entities can play in enabling inclusive innovations.

In February 2015, the OECD and the Confederation of Indian Industry co-hosted a three-day conference in New Delhi, allowing stakeholders to share experiences in working towards inclusive innovations that could have large scale impacts.

A booklet on Scaling up Inclusive Innovations was released at the event, which is taken from the forthcoming OECD publication, Innovation Policies for Inclusive Development.

Social Impact Investment - Supporting the Evidence Base

Building the Evidence Base for Social Impact Investment

Social Impact Investment - the provision of finance to organisations addressing social needs with the explicit expectation of a measurable social, as well as financial, return – is a nascent field.

This OECD report includes data on social needs and spending in eight countries (the G7 plus Australia) to illustrate the gap social impact investment could fill in areas such as aged care, social housing or programmes to reduce recidivism, and how impact investing might leverage more development capital for poor countries.

A webinar presenting the report on social impact investment will be held on 4th March - contact for details.

Read the report

Measuring Design and its Role in Innovation

This OECD project aims to improve the measurement of technological and non-technological forms of business innovation, with a particular focus on the role of design.

The paper reviews a broad range of novel design-related measures, indicating their advantages and limitations in terms of policy relevance and insights. The analysis of design identifies a number of areas for potential development, focusing on the role of users and the implementation of the definition of innovation and innovation activities. It also identifies a range of design concepts based on an informal consultation with the design expert community.

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Science and Technology

 Dementia Research and Care: Can Big Data Help

The Role of Big Data in Dementia Research

What potential does “Big Data” hold for finding new approaches to discovering a cure and disease-modifying therapies and to improve social care services for the growing number of people with dementia?

Government leadership and public-private partnerships will be needed to create and sustain big data resources. Key next steps are to create national infrastructures supporting “broad and deep” data; to develop international benchmarks to compare the performance of health systems; and to develop an international pilot project to demonstrate the benefits of linking broad and deep data to dementia research and care.

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Digital Economy

The Internet of Things: 2014 OECD Tech Insight Forum

The Internet of Things extends internet connectivity beyond traditional machines like computers, smartphones and tablets to a diverse range of every-day devices that use embedded technology to interact with the environment, all via the Internet. How can this collected data be used? What new opportunities will this create for employment and economic growth? How can societies benefit from technical developments to health, transport, safety and security, business and public services?

The OECD Technology Foresight Forum on 11 December 2014 facilitated discussion on what policies and practices will enable or inhibit the ability of economies to seize the benefits of the Internet of Things.

For more details and presentations from the event click here

big data logo

Big Data and its Implications for Official Statistics and Statistical Agencies

Following the increased digitisation of all media, social and economic activities are generating a tidal wave of data. This paper describes the potential of new sources of big data for informing policy-making. It also outlines the challenges that the proliferation of data raises for the production of official statistics and statistical policies.

“Datafication” will reach a critical point once machine-to-machine communication bypasses human data communication, signalling a new phase of data-driven innovation that today is only at its infancy. National statistics offices must consider how to best exploit these developments.

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Global Steel Capacity 

Excess capacity has led to a deterioration in the financial situation of steelmakers and is raising questions about the longer-term economic viability and efficiency of the industry. 

This paper examines the extent, causes, and impacts of excess capacity in the global steel industry, and provides detailed information on new investment projects that are taking place around the world. Results indicate that global steelmaking capacity will continue to expand, with regions that are currently net importers of steel products expected to record the largest capacity increases. 

Coming soon: OECD to release data on excess steelmaking capacity. Watch this space for data to be published on 2nd March 

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Stephen Schauer/Lifesize/Thinkstock

Korea's Shipbuilding Industry

While Korea’s shipbuilding industry is one of the top global players, leading by value and second only to China by volume, the global financial crisis has taken a toll and it now faces serious challenges. As this report outlines, recent events have drawn policy attention to the sector in Korea as in all shipbuilding economies, and have highlighted questions about optimal ways of dealing with struggling businesses that are relevant for all players in the industry.

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Internet economy
Broadband and telecom
Innovation in science, technology and industry
Industry and globalisation
Science and technology policy
Biotechnology policies
Consumer policy 
Global value chains



‌‎‌‌ The OECD Directorate for Science, Technology and Innovation develops evidence-based policy advice on the contribution of science, technology and industry to well-being and economic growth.


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