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Big Data in UK industries: an intangible investment approach

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Title: Big Data in UK industries: an intangible investment approach
Authors: Goodridge, PR
Haskel, J
Item Type: Working Paper
Abstract: In Goodridge and Haskel (2015b) we present an economic framework for measuring the contribution of Big Data to UK growth, building on measures of investment and employment presented in Goodridge and Haskel (2015a) and Chebli, Goodridge et al. (2015) respectively. In this paper we extend that framework to present industry estimates of UK investment and employment in producing data-based information and knowledge assets, and th eir contribution to industry-level growth. In doing so, we focus on industries that are considered to be intensive users of knowledge or intangible capital, including for instance Financial services and Ma nufacturing. We find that the four industries: Information and Communication, Professional and Ad ministrative Services, Financial Services and Manufacturing account for 88% of big data employment and 89% of i nvestments in data-based assets in the UK market sector. Similarly, of the total contribution of data-based assets to UK growth, we find that it is fully accounted for by these four industries
Issue Date: 3-May-2016
URI: http://hdl.handle.net/10044/1/32279
ISSN: 1744-6783
Publisher: Imperial College Business School
Copyright Statement: Copyright © the authors 2014. All rights reserved
Sponsor/Funder: Engineering & Physical Science Research Council (EPSRC)
Engineering & Physical Science Research Council (EPSRC)
Funder's Grant Number: EP/I038837/1
Publication Status: Published
Appears in Collections:Imperial College Business School