Forbes’ article ‘Scrooge McData‘ by David Birch, has referenced recent ESCoE research from Diane Coyle and Wendy Li’s ESCoE Discussion Paper ‘The Data Economy: Market Size and Global Trade’.
Birch focuses on Diane and Wendy’s exploration of the growing “data gap” between global Big Tech and potential competitors, disruptors and innovators; and how this gap is a a barrier to entry that affects not only businesses but also aggregate innovation, investment and trade. He writes: “while the data economy is clearly large, a robust measurement has yet to be developed. This is why Diane and Wendy’s paper was so interesting to me. They propose a new and consistent “impact-based” approach to estimate the size of the overall data market in a sector by comparing the values of data with and without the entry of an online platform.”