What Executives Should Know About Open Data

Novel and more accessible forms of information from government and private sources represent a new and rapidly growing piece of the big-data puzzle.

INN Breaking News, January 17, 2014

Michael Chui, James Manyika and Steve Van Kuiken

Not all data that’s valuable is internal and proprietary. New initiatives by governments as diverse as those of the United States, Mexico, and Singapore are opening the spigots of readily usable public data. Corporate information too is becoming more “liquid,” moving across the economy as companies begin sharing data with their business partners and, sometimes, consumers. Also surging is the richness of the information from data aggregators, which are assembling, rendering anonymous, and selling (to interested third parties) a wide range of data flows. Then add huge volumes of data from social-media interactions, available from providers of digital platforms such as Twitter and Facebook.

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