Welcome to our first white paper in a series of research reports
and white papers from Deloitte Analytics on the topic of
'competing on insights'.
Open data – Driving growth, ingenuity and innovation
has been researched and written in collaboration with Professor
Nigel Shadbolt, head of the Web and Internet Science Group at the
University of Southampton and co-director of the Government's
new Open Data Institute.
Data is the new capital of the global economy, and as
organisations seek renewed growth, stronger performance and more
meaningful customer engagement, the pressure to exploit data is
immense.
In recent months, businesses have become hooked on 'big
data' – the term coined to describe the unremitting
increase in data volume and the technologies needed to collect,
store, manage and analyse it. In contract, many businesses have a
blinkered view of open data. Allowing anyone to use and
redistribute data freely is viewed chiefly as a mechanism employed
by governments to increase public service transparency and enable
citizens to hold officials to account.
This publication presents Deloitte's vision for open data
– a subject that has, until now, been overshadowed
unhelpfully by considerations of 'big data'. Open data is
about much more than improving government transparency and it is
now emerging from its silent revolution.
Key findings
Our vision is that open data, and not simply 'big data',
will drive growth, ingenuity and innovation in the UK economy. This
is because we believe that:
every business will have a strategy to exploit the rapidly
growing estate of open data
businesses will increasingly open up their data to
revolutionise the way they compete
businesses will use open data to inspire customer
engagement
businesses will work with Government to establish a new
paradigm in data responsibility and privacy.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Specific Questions relating to this article should be addressed directly to the author.
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