Data has the power to impact GDP. With LakeB2B’s data licensing solutions governments can manage, control and achieve macro-level efficiency.
Data has become an integral and invaluable asset for the public sector organizations and so is its management. One of the primary functions of the government sector is to execute resource allocation decisions on the rest of the economy that might not be made otherwise. Data is the foundation of such macro level decisions that can impact our GDP. Government agencies and other public sector organizations provide a large variety of programs and services to citizens that produce massive volumes of data. This data is often unstructured and not real time. When data is flawed, the consequences can impact the entire government. Services are needlessly duplicated; evaluation of successful programs is difficult; tax goes uncollected and infrastructure maintenance is conducted inefficiently. The poor quality of government data is one of the top most concerns for government executives across the board, at all levels.