Data gaps weaken effectiveness of economic policies
A “more coherent national advanced technology strategy” with data at the heart is necessary for the United Stated to develop policies to promote competition, growth and opportunity, a new report finds.
Better data collection can help identify weaknesses in U.S. competitiveness that policies can address, and it can help evaluate the effectiveness of those polices, according to “Federal Statistical Needs for a National Advanced Industry and Technology Strategy,” a report published July 1 by the Information Technology and Innovation Foundation (ITIF).
To get that better data, however, a better way of collecting it necessary.
“In a pre-digital world, it made sense to rely solely on surveys. But now that a much larger share of data is already in digital…