<abstract xmlns="http://www.w3.org/1999/xhtml"><p> There is a growing interest in data amongst small and medium enterprises (SMEs). This article looks at ways in which SMEs can combine their internal company data with open data, such as official statistics, and thereby enhance their business opportunities. Case studies are given as illustrations of the statistical and data-mining methods involved in such integrated data analytics. The article considers the barriers that prevent more SMEs from benefitting in this field and appraises some of the initiatives that are aimed at helping to overcome them. The discussion emphasizes the importance of bringing people together from the business, IT, and statistical worlds and suggests ways for statisticians to make a greater impact.</p></abstract>

There is a growing interest in data amongst small and medium enterprises (SMEs). This article looks at ways in which SMEs can combine their internal company data with open data, such as official statistics, and thereby enhance their business opportunities. Case studies are given as illustrations of the statistical and data-mining methods involved in such integrated data analytics. The article considers the barriers that prevent more SMEs from benefitting in this field and appraises some of the initiatives that are aimed at helping to overcome them. The discussion emphasizes the importance of bringing people together from the business, IT, and statistical worlds and suggests ways for statisticians to make a greater impact.

Data-Mining Opportunities for Small and Medium Enterprises with Official Statistics in the UK

Industrial Statistics Research Unit, School of Mathematics and Statistics, Newcastle University, Newcastle upon Tyne, NE1 7RU,

Journal of Official Statistics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

There is a growing interest in data amongst small and medium enterprises (SMEs). This article looks at ways in which SMEs can combine their internal company...

Data-Mining Opportunities for Small and Medium Enterprises with Official Statistics in the UK

Article Category: Articles

Published Online: Nov 23, 2016

Page range: 849 - 865

Received: Mar 01, 2014

Accepted: Mar 01, 2016

DOI: https://doi.org/10.1515/jos-2016-0044

Keywords
Entrepreneurs, company data, open data, analytics, impact

© by Shirley Y. Coleman

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Data-Mining Opportunities for Small and Medium Enterprises with Official Statistics in the UK

Article Category: Articles

Published Online: Nov 23, 2016

Page range: 849 - 865

Received: Mar 01, 2014

Accepted: Mar 01, 2016

DOI: https://doi.org/10.1515/jos-2016-0044

KeywordsEntrepreneurs, company data, open data, analytics, impact

© by Shirley Y. Coleman

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Entrepreneurs, company data, open data, analytics, impact