Evidence is growing of Open Data’s potential economic benefit

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…

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