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Open Data for economic growth: the latest evidence

SUBMITTED BY ANDREW STOTT ON TUE, 07/22/2014

One of the key policy drivers for Open Data has been to drive economic
growth and business innovation. There's a growing amount of evidence
and analysis not only for the total potential economic benefit but
also for some of the ways in which this is coming about. This evidence
is summarised and reviewed in a new World Bank paper published today.

There's a range of studies that suggest that the potential prize from
Open Data could be enormous - including an estimate of $3-5 trillion a
year globally from McKinsey Global Institute and an estimate of $13
trillion cumulative over the next 5 years in the G20 countries.  There
are supporting studies of the value of Open Data to certain sectors in
certain countries - for instance $20 billion a year to Agriculture in
the US - and of the value of key datasets such as geospatial data.
All these support the conclusion that the economic potential is at
least significant - although with a range from "significant" to
"extremely significant"!

...

More:
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Steven Clift - http://stevenclift.com
  Executive Director - http://E-Democracy.org
  Twitter: http://twitter.com/democracy
  Tel/Text: +1.612.234.7072
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