Open Data for Economic Growth
Many governments are pursuing open data policies. One of the key policy drivers has been to use open data to drive economic growth and business innovation. This paper examines the evidence for the economic potential of open data and concludes that,...
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| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/06/19880825/open-data-economic-growth http://hdl.handle.net/10986/19997 |
| Summary: | Many governments are pursuing open
data policies. One of the key policy drivers has been to use
open data to drive economic growth and business innovation.
This paper examines the evidence for the economic potential
of open data and concludes that, despite a variation in
published estimates and some methodological difficulties,
the potential is very large indeed. It reviews the latest
data about companies using open data, and highlights four
companies which did not exist ten years ago, which are
driven by open data, and which are each now valued at around
$1 billion or more. It discusses the five archetypical types
of businesses using open data, and cites concrete examples
of each, and discusses the types of data which are proving
most likely to lead to widespread business adoption and
innovation. It suggests that governments should see
themselves not only as a Supplier of open data but also as a
leader, catalyst and user of it. Finally, it makes some
recommendations for policies and actions which governments
could take to maximize the economic growth possible from
their data. |
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