Freely available data from the U.S. Government is an important national resource, serving as fuel for entrepreneurship, innovation, scientific discovery, and other public benefits. According to a recent report, open data can generate more than $3 trillion a year in additional value in key sectors of the global economy, including education, health, transportation, and electricity.
Recognizing this, over the past few years, the Administration’s Open Data Initiatives have helped unlock troves of valuable data— that taxpayers have already paid for—and is making these resources more open and accessible to innovators and the public.
Today I participated on a panel hosted by the Center for Data Innovation to discuss the economic impact of open data. At the event we discussed an array of new and exciting actions being taken to help make data easier to find and use so that we can help realize its potential value, including:
As our discussion made clear, the impact of open data is enormous. Entrepreneurs and businesses are using open government data to make better products, more accurate maps, and data-driven recommendations for things like energy usage and health decisions, all while growing the economy. And, as we continue to make data resources easier to use and to share, more business and entrepreneurs can tap into data in innovative exciting ways that benefit Americans. Mobilizing stakeholders to understand how data is being used and how it can be made more accessible will help us realize the full potential of open data.
Erie Meyer is Senior Advisor in the Office of Science and Technology Policy