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Monday, March 03, 2014

Open Data Portals and Data Value for Future Analytics

The breadth of what is happening here is interesting.  The problem here is that the data is often not in the right form, or is incomplete, for specific uses.   Big Data approaches being adopted  may mean that saved data will be more 'atomic' and less structured, leading to better long term and general usability.  

" ... Not only governments are sitting on huge piles of data, also governments are known for creating enormous amounts of data. In fact, they are one of the biggest data-creators in the world and all this (raw) data can be worth a lot of money. McKinsey estimated in 2011 that the potential value of Big Data for the European Sector would be up to € 250 billion per year in 2020.  Most of all the data is created with public money, and therefore it would be logical that this data is also returned to the public for public usage. This would allow them to create new and innovative services that could have a significant impact on economic growth. .... " 

In Smart Data Collective, by Mark van Rijmenam   Via Gib Bassett:

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