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