Unlocking Economic Value Through Open Data

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Few governments are leveraging open data for economic benefits

Governments and public authorities across the world are launching Open Data initiatives. Research indicates that by October 2011, 28 nations around the world had established Open Data portals. Public administration officials are now beginning to realize the value that opening up data can have. For instance, the direct impact of Open Data on the EU27 economy was estimated at €32 Billion in 2010, with an estimated annual growth rate of 7%.

However, very few governments are taking the right measures in realizing the economic benefits of Open Data. This report examines the reasons behind this tendency, drawing on an analysis of 23 select countries across the world.

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Unlocking Economic Value Through Open Data

  1. 1. Unlocking Economic Value Through Open Data Governments are not Leveraging Open Data for Economic Benefits Among countries that have launched Open Data initiatives Only 22% share comprehensive data 96% share data which is 87% are not utilizing not regularly updated user participation capabilities Country Classification Beginners Followers Trend Setters 22% 56% 0% share comprehensive data Only 8% share granular and comprehensive data No user participation 22% 92% do not engage 80% share comprehensive data Over 60% achieved considerable user participation users in effective dialogue 100% enjoy political support from country’s highest office Economic Benefits of Open Data Revenue Growth Through Open Data Supplements Existing Products Creates New Products & Services Encourages New Firm Creation In Spain, over 150 companies are focused on selling services on top of Open Data Open Data from US National Weather Service supports weather industry worth $1.5 billion CloudMade uses OpenStreetMap data and other datasets to create a comprehensive location data Cost Saving through Transparency Reduces Transactional Costs Bristol City Council reduced transactional costs by 15x through an Open Data catalog Cuts Redundant Expenditure California’s State Transparency portal helped save over $20 million in unnecessary expenditure Improves Service Efficiency Publishing healthcare outcome data by NHS led to a 22% drop in mortality rates Creates Jobs and Develops New Skills Creates jobs through commercial potential of data Dissemination of Big Data Skills Spatial information industry, based on open data, employs over 31K people in Australia In Spain, over 50% of people dealing in Open Data are engineers or have higher qualifications Deriving Economic Value from Open Data Develop & Implement Content Framework Build a Vision Create Governance Structure * Capgemini Consulting conducted a comprehensive analysis of the Open Data portals of select 23 countries Sources: 1. Spanish Open Data Portal Annual Report, “Characterization Study of the Infomediary Sector” 2. Concept et Stratégies pour Gouvernement Ouvert et Open Data, World Bank ICT report 3. “CloudMade Apps” 4. European Commission, “Pricing of Public Sector Information Study” 5. “Bristol Open Data Innovation”, European Public Sector Information Platform 6. Frontier Group, “California Budget Transparency 2.0” 7. UK Cabinet Office Article on Francis Maude’s speech 8. ACIL Tasman, “The Value of Spatial Information” Reach out: Interested in reading the full report? Visit http://ebooks.capgemini-consulting.com/The-Open-Data-Economy/ Follow us on Twitter @capgeminiconsul or email dtri.in@capgemini.com Drive Uptake

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