How to Manage Data as an Asset?
Open data architecture is complex, and going beyond data aggregation for market research to meaningful end-user experience is a key component for open data success. Taking bill payment as an example, in order for innovators or entrepreneurs to disrupt the traditional payment options, they don’t just simply need data, they actually need to process a set of abstract organized data to extract new value and unlock new opportunities. Other stakeholders, including private businesses, also need to find a way to exchange data, such as providing data to the government in exchange for commercial value.
According to a survey referenced by roundtable participants, the challenge in open data is that only 10% of the data sets are available. Further breaking it down: • Only 2% of the countries in the survey are able to publish public spending data • 1% of countries are able to publish only company data 11% of countries are able to publish