The Future of Data-Driven Innovation

October, 2014. 

A report by the The U. S. Chamber of Commerce Foundation.

“arguably [there is] no bigger emerging issue in today’s business environment
than the rise of data- driven innovation”

John R. McKernan, Jr.
President, U.S. Chamber of Commerce Foundation

More a collection of individually authored chapters than a traditional report. At 90 pages long, this is a good, if lengthy examination of the role of data in the US economy. The authors make a useful contribution to our understanding of the value of big data rather than just describing what it is. The report concludes that the impacts of big data are/will be huge and felt in 5 areas of the economy.

Chapter 5 by The Brookings Institution uses the term ‘databuse’ to describe “the malicious, reckless, negligent, or unjustified handling, collection, or use of a person’s data in a fashion adverse to that person’s interests and in the absence of that person’s knowing consent” (page 73).

The report also includes a link to an extensive Reading List on the Data-Driven Economy. Available here as a 33 page PDF.

Main Findings

  • The very notion of “Big Data” will fade as data-driven decision making becomes a ubiquitous

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