The Advisory Committee on Measuring Innovation in the 21st Century Economy—which is backed by the Commerce department and includes leaders of industry heavyweights such as Microsoft, 3M, IBM, UPS, and Wal-Mart—has released its first report on innovation metrics.
Among their recommendations are that federal agencies (Commerce, Labor, Census, IRS) step-up data sharing to improve industry analysis and that the Bureau of Economic Analysis collect new measures of industry inputs and productivity.
Read or download the report materials here.
(Via EDPro via BusinessWeek)