Open data: Unlocking innovation and performance with liquid information

TitleOpen data: Unlocking innovation and performance with liquid information
Publication TypeJournal Article
Year of Publication2013
AuthorsManyika, J., Chui M., Groves P., Farrell D., Van Kuiken S., Doshi E. Almasi, & Institute MK. Global
Pagination103
Date Published2013/10//
Keywordsgap_evidence, sg_big_data, sg_data_economics, sg_data_universe, sg_data_value, sg_ps
URLhttp://ebooks.capgemini-consulting.com/The-Open-Data-Economy/#/1/zoomed

Gap Area Study Type:

High-level Gap Areas:

Purpose: 
Identified ways open data can create economic value in terms of revenue and savings and economic surplus (e.g., time savings that commuters gain when they avoid congestion); estimated potential annual value that use of open data could bring in seven domains: education, transportation, consumer products, electric power, oil and gas, health care, and consumer finance
Method: 
Quantified (in monetary terms) the potential value of using open data in seven “domains” of the global economy: education, transportation, consumer products, electricity, oil and gas, health care, and consumer finance; identified “levers” through which open data can create economic value and explored the barriers to adoption and “enablers” for capturing value by making data more open; provided examples of uses of open data that have a significant impact