Report Synopsis

Running head: REPORT SYNOPSIS 1
Data Analysis, Problem solving and Digital operations
Institution
Student
Date

REPORT SYNOPSIS 2
Data Analysis, Problem solving and Digital operations
Report synopsis
Key insights
The author of this report starts with a foreword from Hon Karen Andrews MP, Minister for
Industry, Science and Technology who is expressing her gratitude to the Coalition Government
for supporting startups. She also introduces the Startup Muster, some of its accomplishments,
purpose and mission. As she states, Startup Muster was initiated to draw attention to the
opportunities, progress, and problems facing Startup ecosystem in Australia. In this report, the
Startup Muster team also expresses its sentiments regarding the growth progress of Startup
Muster and the rate at which they are achieving their mission. Every year the team is setting a
new record in terms of achievements in improving Australia’s ecosystem as well as the number
of participants who help them gather data for their annual reports (Startup Muster, 2018).
This report, based on online survey, seeks to determine the number of startups in Australia, their
founder’s profile, and founding team profile among other pertinent subjects such as the current
team profile, business profile, funding, future of startups, hindsight, and resources where to find
help. Startup Muster in this report has engaged Data61, global leaders in data science research to
provide approximations on the Australia’s number of startups for a period of five years. Besides,
statistics of the people starting startups have been compiled including their gender, age, levels of
education, their skills, and places of origin among others. Founding team profile has also been
examined with key statistics like their experiences being investigated. From the statistics of this
report, it is evident that startup ecosystem in Australia is accelerating and as Margaret Maile

REPORT SYNOPSIS 3
Petty Executive Director, Innovation and Entrepreneurship, UTS, says, the future is very
promising considering the anticipated innovation of graduates (Startup Muster, 2018).
Commentary on methods used
Data used to compile this report was collected online for a period of one year wherein 67% of
responses were received. Main respondents included startup founders, future startup initiators,
and startup supporters like educators, government, and investors. A total of 140,259 responses
were provided and all of them went through thorough post survey substantiation and cleaning
process. Startup Muster used various techniques to promote this survey including LinkedIn,
Facebook, email, and Twitter among other platforms. 5 years of Startup Muster data and Catch
and release method was used to develop the population estimate in conjunction with Data61
(Startup Muster, 2018). To some extent, the methods applied to collect data for this survey can
be said to have been effective and reliable. They cut across by enabling every individual,
organizations, and bodies in association with startups to contribute in the survey process. In
addition, Startup Muster provides a definition which perhaps was used to put all participants
through a sieve before considering their responses. The exhaustive post survey validation like the
one conducted in this investigation gives the surveyor an opportunity to provide a rationale or
underlying principles of their final statistics (Nigel, Fox, & Hunn, 2009). In this regard,
therefore, it is correct to argue that the statistical estimates of this report are accurately
supported. They provide a trustworthy indication of improvement pace of Australia’s startup
ecosystem.
Critique of the presentation methods and comment on the data collection and management