Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Building Competitive Advantage through New Data
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Data Mining > Building Competitive Advantage through New Data
Business IntelligenceData MiningPredictive Analytics

Building Competitive Advantage through New Data

Editor SDC
Editor SDC
4 Min Read
SHARE

One subject that has not received a lot of coverage in the analytics blogging circle is the current administration’s data.gov project. While still in its infancy the data.gov is an outcome of the government’s transparency initiative called Open Government Directive. In December, all government agencies were asked to produce and publish three new ‘high value’ public data feeds on data.gov website.

The data.gov site still has to work through some of the kinks but eventually it will become a wonderful resource for the data analytics industry. Probably as critical as the US Census data and its American Factfinder tool, which has spawned multiple companies and supports all kinds of interesting analysis across a wide range of industries.

More Read

cloud computing contract
7 Key Terms for Negotiating Your Cloud Contract
6 Predictions About the Future of Predictive Analytics
The importance of feasibility studies in business intelligence
Tweet 2001: A Social Media Odyssey
No Data Warehouse Required: BI Reporting Extends Its Reach

The Sunlight Foundation tracks the new datasets that are being released. For example one of the Labor departments datasets is the “weekly reports of fatalities, catastrophes and other events.” The data, compiled by the Occupational Safety and Health Administration, briefly describes workplace accidents, identifies the company at which and the date when…


One subject that has not received a lot of coverage in the analytics blogging circle is the current administration’s data.gov project. While still in its infancy the data.gov is an outcome of the government’s transparency initiative called Open Government Directive. In December, all government agencies were asked to produce and publish three new ‘high value’ public data feeds on data.gov website.

The data.gov site still has to work through some of the kinks but eventually it will become a wonderful resource for the data analytics industry. Probably as critical as the US Census data and its American Factfinder tool, which has spawned multiple companies and supports all kinds of interesting analysis across a wide range of industries.

The Sunlight Foundation tracks the new datasets that are being released. For example one of the Labor departments datasets is the “weekly reports of fatalities, catastrophes and other events.” The data, compiled by the Occupational Safety and Health Administration, briefly describes workplace accidents, identifies the company at which and the date when the accident occurred. I think a lot of  insurance companies with worker compensation insurance products will be interested in analyzing the data to better price their products. Or take for instance the IRS internal migration data by state and county based on tax returns. Can it be used by moving companies to better understand the shift in demand for their services? There are thousands of such datasets available, and a lot of them will potentially be valuable to businesses. The value of a dataset to business like beauty, is in the eyes of the beholder. This makes the categorization challenging but at the same time makes it interesting for businesses as it can be a potential source of competitive advantage. If you can figure out to interpret the IRS migration data to better align your marketing campaigns for your moving and relocation assistance business, you can get better return on investment on your spend than your competition.

It is time for organizations to look outside their firewalls and build a strategy of collecting, incorporating and analyzing external data into their analytics and strategic planning efforts.  Companies like Infochimps, which is a private clearinghouse and market place for third-party data are betting on this trend. They already collect, cleanse and  format the data.gov datasets so that it is analysis ready.

Take out the time to check the datasets that are available. You never know what you may find.

Link to original post

TAGGED:data qualityus census data
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Generative AI models
Thinking Machines At Work: How Generative AI Models Are Redefining Business Intelligence
Artificial Intelligence Business Intelligence Exclusive Infographic Machine Learning
image fx (2)
Monitoring Data Without Turning into Big Brother
Big Data Exclusive
image fx (71)
The Power of AI for Personalization in Email
Artificial Intelligence Exclusive Marketing
image fx (67)
Improving LinkedIn Ad Strategies with Data Analytics
Analytics Big Data Exclusive Software

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

When Bad Data Becomes Acceptable Data

5 Min Read

Analytics: Not About Saving Time

7 Min Read

A Record Named Duplicate

7 Min Read

What use is BI without fit-for-purpose data?

5 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive
giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?