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

Lookup NU author(s): Dr Shirley ColemanORCiD

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Abstract

There is a growing interest in data amongst small and medium enterprises (SMEs). This paper 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 paper considers the barriers that prevent more SMEs from benefiting 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.

Publication metadata

Author(s): Coleman S

Publication type: Article

Publication status: Published

Journal: Journal of Official Statistics

Year: 2016

Volume: 32

Issue: 4

Pages: 849-865

Online publication date: 23/11/2016

Acceptance date: 01/03/2016

Date deposited: 23/01/2017

ISSN (print): 0282-423X

ISSN (electronic): 2001-7367

Publisher: Statistics Sweden

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

DOI: 10.1515/jos-2016-0044

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