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Open Data: Making Better Use of Existing Resources
“Open data offers a new start for economic reform and productivity growth. Leveraging the new possibilities of the Internet to make better use of existing resources, it offers us a way of getting past the political economy of winners and losers… Existing open data policy initiatives must be strengthened to prevent government policies dying the death of a thousand bureaucratic cuts in their implementation.” states a recent joint report by Lateral Economics and Omidyar Network.
The report found that if all G20 countries could embrace Open Data and aggressively open their data to the public that the cumulatively the G20 GDP could be boosted by 1.1 percent, which amounts to nearly $13 trillion over the next five years. Open data can be of benefit to fiscal policy makers. It could also positively affect trade and help identify and reduce corruption and financial fraud.
Martin Tisné, Omidyar Network’s director, wrote that “data is a national resource and open data is a ‘win-win’ policy. It is about making more of existing resources. We know that the cost of opening data is smaller than the economic returns, which could be significant. Methods to respect privacy concerns must be taken into account. If this is done, as the public and private sector share of information grows, there will be increasing positive returns.”
Nicholas Gruen, chief executive at Lateral Economics, said that “we should be getting hold of that and … and with it substantially improve the way we manage the economy… This stuff doesn’t get you any enemies, although it does require attention to detail… There are minimal losers and widespread winners from open data because it simply makes better use of already existing resources.”
