Accurate, real-world data needs to underpin any and all decision making and get us away from a world where there are numerous examples of wonky data in action. Everyone talks about the exploitation of Big Data. If we are to have a meaningful, data-led approach to policymaking in the UK (using big or small data), it can only be successful if that data is accurate.
One of the most pressing concerns relates to the Standard Industrial Classification (SIC), a system for classifying industries by a four-digit code, which is in desperate need of an overhaul.
Read the full story here: