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Open Data Institute Research - "The economic value of open versus paid data"

New economic research commissioned by the ODI shows that across all core public sector data assets open data will provide 0.5% of GDP more economic value every year than data that users have to pay for

Access the full report below

The ODI has commissioned new economic research from Lateral Economics into the effect of providing access to important data assets in different ways.

We asked them to look at access to core data assets – usually maintained by the public sector – such as addresses, maps, weather, land and property ownership, at different points in The Data Spectrum: paid access, public access with a restricted licence and open data.

This is a summary of some of the findings of the research. The research contains more detail and findings, we would encourage you to read it in full when you have the time.

The difference between paid data and open data is 0.5% of GDP
There is an existing body of evidence showing that open data provides significant value to the economy. The new report builds on previous research and says that across all core public sector data assets open data will provide 0.5% of GDP more economic value every year than data that users have to pay for.

More businesses, charities, individuals and the public sector itself can make better use of data when it is open. That is where the increased economic value comes from. If your government is publishing open data then you may already be receiving some of this value.

Read the full article in Open Data Institute