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Open Data and Economic Growth Andrew Stott Senior Consultant World Bank Washington DC 23 July 2014 v0.2 @dirdigeng [email protected] Why is Open Data beneficial? 2 New Services estate agents/ realtors Financial services builders and other local services 3 Greater Efficiency 4 Better Decisions 5 The Size of the Potential Prize 6 McKinsey Global Institute 7 European Commission: Vickery & Deloitte Open Gov Data in EU would ‒ increase business activity by up to €40 Bn/yr ‒ have total benefits up to €200 Bn/yr Open Data was reused 10x-100x New types of re-users, in particular SMEs. Costs increase very little 8 Omidyar/Lateral Economics Mechanism % of Aus GDP Trade facilitation 0.10 Fiscal and Monetary Policy 0.23 Anti-Corruption 0.10 Employment Efficiency 0.22 Energy Efficiency 0.11 Infrastructure – optimising use 0.13 Infrastructure – efficiency in building 0.10 9 Possible Benefits of Open Data Date Study Total (%GDP) 4.1 2013 McKinsey 2011 EC 1.5 2014 Lateral Economics 1.1 2013 Shakespeare 0.4 Normalised using IMF, World Bank and OECD data 10 What are the Open Data Businesses 11 Suppliers Online publications Downloads Premium Accounts Premium analyses 2004 Pay per use 2010 Free of charge 130,300 36 1,093,000 69 78,000 EUR 152,000 EUR 12 Aggregators 13 Developers 14 Enrichers 15 Enablers 16 Measuring Benefits is not easy 17 Timescale? 18 Which data is most valuable or most widely valuable? 19 Geospatial Reference Data: Maps & Addresses 20 Transport Information 21 Census and other detailed statistics 22 Government Spending and Procurement 23 Weather Data How can Governments achieve the benefits? 25 Government as Supplier 26 Government as Leader 27 Government as Catalyst 28 Government as User 29 How far is this potential available to developing countries? Relative size of sectors? Gaps between current and potential efficiency? Availability of data? Public Management model? Infrastructure? Skills? Business environment? Markets for data-rich services? 30 Thank you 31 32