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The opinions expressed and arguments employed in this chapter are those of the author and should not be reported as representing the official views of the OECD or of its member countries. 1 See OECD, Data-Driven Innovation: Big Data for Growth and Well-Being (OECD 2015). 2 See OECD, Artificial Intelligence in Society (OECD 2019) 19-34. 3 Firm-level studies suggest that firms that use data and analytics exhibit faster labour productivity growth than those that do not by approximately 5 % to 10 %. OECD (n. 1) 234. See, for instance, Erik Brynjolfsson and Kristina S. McElheran, 'Data in Action: Data-Driven Decision Making and Predictive Analytics in U.S. Manufacturing' (2019) Rotman School of Management Working Paper No. 3422397 accessed 31 August 2020. 4 Examples include: Monsanto's acquisition of the Climate Corporation, an agriculture analytic firm, for USD 1.1 billion in 2013; Facebook's acquisition of What-sApp for USD 14 billion in 2014; and IBM's acquisition of a majority share of the Weather Company, a weather forecasting and analytic company, for over USD 2 billion in 2015.

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The ICT industry had a tough start to 2009, with almost all first quarter indicators declining, often very sharply. There are signs of recovery, with the rate of decline bottoming out and turning up in the most recent cyclical data (May/June 2009), with positive month-on-month growth for most countries, and inventories running down sharply. Performance in the first quarter of 2009 tested 2001-2002 declines in most ICT sectors, but relative year-on-year declines were not a great deal worse than in 2001-2002 and some sectors have performed better than in the earlier period. The ICT industry is also performing considerably better in this crisis than industries such as automobiles...

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