Blog post co-authored by PayPal's Vadim Kutsyy, Senior Director Data Strategy and Stewardship and Harshal Deo, Vice President of Data Technology
Information powers commercial decisions. Yet, small and medium-sized businesses don't always have the information they need in order to succeed. One of the classic questions that hinders American businesses is where to start exporting or how to expand existing exports. For example, consider the question, "Should a growing automotive parts manufacturer push to export to East Asia or Eastern Europe?" To help address these types of questions, the U.S. Department of Commerce is working with us to identify and unleash better information that can be provided to business decision-makers.
This collaboration is organized as a Working Group under the Commerce Data Advisory Council (CDAC), a Federal Advisory Council whose mission is to provide advice and recommendations to Secretary Penny Pritzker and Federal government leaders on how to make Commerce data easier to find, access, use, and combine with other data. Disseminating Commerce data in this way will enable businesses to be more competitive, governments smarter, and citizens more informed – ultimately increasing the value of the Department's data. Membership in the Working Group is open to any volunteers and the group is co-Chaired by Vadim Kutsyy, Head of Data Strategy and Stewardship - PayPal, and Ian Kalin, U.S. Department of Commerce's Chief Data Officer.
Given the early stage of the data science experiments, it is not clear what the final product resulting out of the Working Group with PayPal and the U.S. Department of Commerce will look like. Whatever the path of the collaboration, the guiding mission of this Working Group is to create a public and freely accessible platform that can help small and medium sized businesses increase their overseas exports.
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