The innovations listed in the SFINNO® dataset stem from edited technical and trade journals that follow so called literature-based innovation output (LBIO) method. The LBIO denotes to identification of innovations from secondary sources like journal articles or expert opinions. Sfinno innovations are identified from 15 technical and trade journals.
A major concern often raised in longitudinal data collection, such as Sfinno, is the changes in industrial structures (e.g. digitalisation) as this may pose challenges to the consistency and relevance of data collection. Given the nature of LBIO method, the trade and professional journals do adapt to major changes in the industry in their reporting and inclusion of general journals that report current and future industrial opportunities from wide variety of industries ensure the identification of significant innovations in national economy. However, the coverage of sources is evaluated regularly and new journals are included if deemed relevant.
Sfinno data is a rich source of objective innovation data. Its innovation output variables cover several policy relevant themes, such as geography of innovations and inventors, finance, sectors that innovations are diffused and used, national and foreign collaboration networks, etcetera. Sfinno offers a longitudinal data about dynamics and processes instead of snapshot data and allows to study ex-ante and ex-post impacts of ‘significance’ of innovations (in areas such as health, environment; or wider socio-cultural and economic impacts in the society).