How to Man­age Data as an As­set?

Arabnet - The Quarterly - - Technology -

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

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