The last decades have brought us a revolution in social and economic research: Never before has empirical research been based on such extensive and high-quality data. Never before have there been such powerful empirical methods that, when used correctly, allow reliable and robust conclusions to be drawn, not only for academic research, but also for applied and policy-relevant research. In the private sector, data and knowledge have become the most important raw material in the service-oriented, modern economy of highly developed countries. They are the source of innovation, and a high degree of innovative strength ensures that economic and social structural change brings more potential than risk and that more new jobs especially high-quality ones are created than lost.
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