Releasing open data fuels economic activity, creating value in both the public and private sector. Research from McKinsey suggests that seven sectors could generate more than $3 trillion a year in additional value as a result of open data, which is already giving rise to hundreds of entrepreneurial businesses and helping established companies to segment markets, define new products and services, and improve the efficiency and effectiveness of operations. While governments looking for economic outcomes from open data must focus on releasing assets with business value, the reach of that category across sectors is quite broad, as new research from New York University (NYU) makes clear.

1. Open Data and the Private Sector
Joel.Gurin@gmail.com
World Bank Live, March 10, 2014
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2. The GovLab’s Central Hypothesis
When governments and institutions open
themselves to diverse participation and
collaborative problem-solving, and partner
with citizens to make decisions, they are
more effective and legitimate.

3. Opening Government Through Open Data
Open Data: Accessible, public data that
people, companies, and organizations
can use to launch new ventures, analyze
patterns and trends, make data-driven
decisions, and solve complex problems.
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4. Defining Open Data
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5. Mapping the Business Landscape

6. Driving Business Growth in All Sectors
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Health Education Energy Use
Financial Services Transportation

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8. • Criteria:
– U.S. based
– National or regional scale (mostly federal data)
– Open Data must be key to business
• More than 500 companies contacted so far
• Wide range of sectors covered
• Partnering with Open Data Institute to replicate in the U.K.
• Interest in 15 countries at different stages of development
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Open Data 500: The Study So Far
www.OpenData500.com
#OD500

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10. Business Growth: Finance
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40K Public Companies, Updated Daily

11. Business Growth: Health
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12. Business Growth: Energy
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Data for Energy Savings
Ogi Kavazovic, VP Marketing & Strategy

13. Business Growth: Education
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Bill Jackson, CEO

14. Business Growth: Data and Technology
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15. Improved information access and better communication
channels for small-scale farmers and agricultural workers
through their mobile phone via voice messages and SMS
Open Data in Developing Countries: Case Study in Ghana

16. Lessons for Development
• Mobile access is ubiquitous
• But: Availability of good-quality Open Data can be a
major limitation
• Major work may be needed to apply Open Data
• Need to present information at different levels
(detailed charts vs. voice info in regional dialects)
• One approach: Develop new kinds of Open Data, for
example through expert research or crowdsourcing
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17. Developing New Open Data

18. New Kinds of Open Data: Traffic
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19. New Kinds of Open Data: Energy
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20. New Kinds of Open Data: Services
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21. Pulse Point in the U.S.: “Enabling Citizen Superheroes”
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22. Tapping the Crowd
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23. Tapping the Crowd
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24. Developing Data on Extractive Industries
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25. For More Information

26. For More Information
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TheGovLab.org:
Visit Our Wiki, Subscribe to Our Digest

27. For More Information
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Learn about Open Data at OpenDataNow.com

28. For More Information
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29. Open Data and the Private Sector
Joel.Gurin@gmail.com
World Bank Live, March 10, 2014
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