What Executives Should Know About Open Data

INN Breaking News, January 17, 2014

Michael Chui, James Manyika and Steve Van Kuiken

Other possibilities abound. Premium pricing for some goods could be facilitated if companies shared detailed information about products, such as the materials they use or the conditions under which they were manufactured (for example, with renewable energy). On the flip side, open-data applications may also create new areas of consumer value. In a budding trend known as MyData, organizations share information they have collected about individuals with them, in useful forms. Patients could access targeted medical data from a hospital, for instance, to help them manage their health.

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