Innovation – NSW innovation minister says he will deliver three things the startup community is pleading for
He says one of the flagship policies of the state government last year was the establishment of a “world first” government data analytics centre facilitating data sharing between government agencies and allowing for the analysis of the effectiveness of policies.
Dominello says the better use of public data can also assist with one of the booming startup sectors in the state: fintech.
With Stone & Chalk and the Tyro co-working space, Sydney is leading the way with fintech startups, and Dominello wants it to stay that way.
“We’re already the centre in south-easy Asia for banking and finance, so the fintech sector in particular is very, very strong,” he says.
“I want to use data and analytics to drive better regulation. I really believe that the marketplace in its natural and transparent form is the best regulator.
“People can look at the marketplace and make decisions provided they’re informed. They can go to the people doing the right things and shun the people doing the bad things – that’s the marketplace working in the best way. “We want to use data intelligently and empower the customer through open data and apps that are innovative.”