Increased access to data could bring many benefits but faces significant challenges

Friday, November 4, 2016 - 07:01 in Mathematics & Economics

Although we currently live in the "Information Age" what we actually generate, and most of the time fail to make meaningful use of, is data. The Australian Government's Productivity Commission has released a report that highlights the economic, health and social costs of Australia's failure to make effective use of the increasing data produced within Australia. Currently, it estimates that companies, governments and researchers are only making use of just 5% of the useful data that is currently available.

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