The Economic Potential of Open Data
summary
Research estimates open data can unlock over $3 trillion in annual economic value across education, transportation, healthcare, energy and finance, with more than 50% of that value accruing to consumers and roughly one third coming from benchmarking. Value depends on four openness dimensions — accessibility, machine readability, cost and reuse rights — plus developer ecosystems, standards, metadata and data scientists; one crop‑insurance product built on government feeds was sold for about a billion dollars.
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chapters (9)
- 0:00Introduction
- 0:18Thomas Jefferson
- 2:18What is Open Data
- 5:46Big Data
- 7:24Transparency
- 8:49Benchmarking
- 10:28Economic Value
- 10:57What has to happen
- 12:26Talent
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