How Open Data Portals Will Stimulate Innovation and Economic GrowthMar042014
The Smart Data Collective published a piece on open data and how it can drive revenue and jobs.
“Not only governments are sitting on huge piles of data, also governments are known for creating enormous amounts of data. In fact, they are one of the biggest data-creators in the world and all this (raw) data can be worth a lot of money. McKinsey estimated in 2011 that the potential value of Big Data for the European Sector would be up to € 250 billion per year in 2020. Most of all the data is created with public money, and therefore it would be logical that this data is also returned to the public for public usage.”