is the only way
to be sure that
being put to the
best possible use.
"The Australian Government has a duty to measure the impact of
specific innovation initiatives and the performance of the system as
a whole. This is the only way to be sure that policies are working and
resources are being put to the best possible use. Indicator analysis,
scorecards, and case studies are all commonly used for this purpose,
but they only tell part of the story. Econometric analysis has the
potential to tell us much more about how well the system is doing.
So do studies linking innovation data to statistics of other kinds
- financial, administrative, environmental, social and so on.
The Australian Government will work to collect better data on
innovation and develop new, more sophisticated analytical
capabilities. It will also produce an annual report on the
performance of the national innovation system. The report will
identify new opportunities and challenges, and provide regular updates
on implementation of the National Innovation Priorities."