Understanding characteristics of high growth firms

Through this work the Campus is supporting the Data Enabled Change Accelerator (DECA) project led by the Department for Business, Energy and Industrial Strategy (BEIS), which aims to identify the characteristics of businesses with high growth potential.

The Campus is exploring how non-traditional data sources and data science methods can be combined with more conventional business data to help understand the characteristics and behaviours of high growth companies. The project combines business admin data with non-traditional datasets such as geographical features and web scraped data.

Team members

  • David Pugh
  • Sonia Williams

Impact

Predicting if a business has the potential to show high growth - or alternatively poor performance - is of key interest to many parties. In addition to the direct impact on the economy it can affect where and how much people invest, where people choose to work and what support structures and policies are developed and put in place.

Data science

The ability to understand the characteristics that may lead to companies showing high performance is an area of active research. These approaches tend to use more traditional datasets and methods. Non-traditional data is any relevant information gathered from sources outside the scope of current administration and collection methods, for example data about a company from the web.

Joining several non-traditional datasets (GlassAI, retail clusters, MES) through the IDBR to an indicator of high growth firms. Multiple machine learning and sampling techniques have been compared and NLP has been used to find topics in the text data.

Stakeholders

  • BEIS
  • GlassAI
  • Ordnance Survey (OS)
  • Office for National Statistics (ONS) productivity team

Delivery

  • April 2018 Join GlassAI data with IDBR and high growth flag
  • April 2018 Investigate whether quantitive GlassAI is indicative of high growth firms
  • August 2018 Investigate whether qualitative GlassAI data is indicative of high growth firms
  • September 2018 Complete first draft of report (based on work so far)
  • October 2018 Investigate whether MES is indicative of high growth firms
  • November 2018 Publish report including work from MES

Further information

Please contact datasciencecampus@ons.gov.uk for more information.

Updates

  • No updates yet.

Notes

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