How to Unlock Economic Benefits from Open Data: Part II

As the open data movement spreads to smaller jurisdictions, the opportunities and challenges to extracting economic value become more pronounced.

Every local government would love to have double-digit increases in bus ridership, lower service costs, improved wellness in the community and fast-growing firms like Zillow in their backyard. So far, a handful of mostly large cities have made an investment of resources to open broad sets of data for public use and are setting some best practices, if not outright economic improvement.

"Data becomes more valuable when you can link it with other data sets," said Verhulst. "It can result in insights you wouldn’t have had before."

by Tod Newcombe

Full Story: http://www.govtech.com/data/How-to-Unlock-Economic-Benefits-from-Open-Data-Part-II.html

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How Government Can Unlock Economic Benefits from Open Data: Part I http://www.matr.net/article-63684.html