They say that information is power but in the case of economic development, information is what you that ability to make informed decisions that can have a real impact on individuals and businesses. For information geeks like myself, getting access to data that can really demonstrate how an economy works is the holy grail in terms of understanding the business community. That is why it was really exciting to attend a presentation last week on a ground-breaking project that could, if developed properly, have that impact here in Wales. The innovation charity NESTA, with funding from the Welsh Government, has established a new innovation analytics project called Arloesiadur (which is Welsh for “Innovation Tool”). This is a web platform which will measure and understand innovation and, through this, present policymakers in Wales with data to make informed decisions. To date, the Arloesiadur project has analysed business datasets from the Office of Na...
Entrepreneurship, innovation and the economy