Estimating benefits of smart data to small and micro firms and third party providers
An analysis ot the benefits of smart data to small and micro firms (SMFs) and to third-party providers (TPPs) in banking, finance, energy and communications.
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An analysis of the benefits of Smart Data initiatives to small and micro firms (SMFs) and to third party providers in banking, finance, energy, and communications.
This work provides an initial review of the evidence to demonstrate the potential scale of the benefits over a 5-year timeframe. Benefits were estimated separately for TPPs and SMFs across the 4 sectors. For TPPs, estimates focused on potential relative productivity gains and growth in the number of TPPs. For SMFs estimates focused on potential cost savings.
The Department for Business, Energy and Industrial Strategy commissioned Frontier Economics to carry out this analysis.