This document discusses the importance of data and how companies can utilize data as a resource. It uses ESPN as an example of a company that has built a strong brand and services by collecting various types of data and making some of it available through open APIs. The document suggests that companies should collect and share their own data to develop new services, gain customers and developers, and stay ahead of competitors. It also describes hackathons as opportunities for companies to access new talent and ideas by providing their data and APIs.