Promoting Entrepreneurship and Innovation Through Business-to-Business (B2B) Data Sharing
Author: Alex Leader
To bolster competition, entrepreneurship, and innovation, the next administration should facilitate business-to-business (B2B) data sharing between startups and data-rich, established companies. Asymmetry in the digital economy is an existing market failure that, if left unchecked will continue to intensify to the detriment of consumer choice and our collective security.
Leveling the playing field requires policy to remove barriers to entry created by data advantages and to promote market competition through increased access to big data. Specifically, we propose that the Small Business Administration’s Office of Investment and Innovation establish a data-sharing program that gives entrepreneurs access to the data they need to improve algorithms underpinning their products and services. This would support a thriving and diverse ecosystem of startups that could in time yield valuable new markets and products.
About the Author
Alex Leader is a Senior Associate at Luminary Labs, where he helps organizations adapt to emerging technologies and the evolving future of work. He developed technical expertise as a data scientist at Amenity Analytics, a machine learning and AI startup. At Amenity, Alex designed natural language processing solutions for a diverse array of business challenges, using both frontier technology and statistical tools to identify best practices and advance client goals. Alex holds a B.A. in Public Policy from the University of Michigan and a master’s in International Affairs from the University of California, San Diego.