Report by Phoensight: “With the emergence of increasing computational power, high cloud storage capacity and big data comes an eager anticipation of one of the biggest IT transformations of our society today.
Open data has an instrumental role to play in our digital revolution by creating unprecedented opportunities for governments and businesses to leverage off previously unavailable information to strengthen their analytics and decision making for new client experiences. Whilst virtually every business recognises the value of data and the importance of the analytics built on it, the ability to realise the potential for maximising revenue and cost savings is not straightforward. The discovery of valuable insights often involves the acquisition of new data and an understanding of it. As we move towards an increasing supply of open data, technological and other entrepreneurs will look to better utilise government information for improved productivity.
This report uses a data-centric approach to examine the usability of information by considering ways in which open data could better facilitate data-driven innovations and further boost our economy. It assesses the state of open data today and suggests ways in which data providers could supply open data to optimise its use. A number of useful measures of information usability such as accessibility, quantity, quality and openness are presented which together contribute to the Open Data Usability Index (ODUI). For the first time, a comprehensive assessment of open data usability has been developed and is expected to be a critical step in taking the open data agenda to the next level.
With over two million government datasets assessed against the open data usability framework and models developed to link entire country’s datasets to key industry sectors, never before has such an extensive analysis been undertaken. Government open data across Australia, Canada, Singapore, the United Kingdom and the United States reveal that most countries have the capacity for improvements in their information usability. It was found that for 2015 the United Kingdom led the way followed by Canada, Singapore, the United States and Australia. The global potential of government open data is expected to reach 20 exabytes by 2020, provided governments are able to release as much data as possible within legislative constraints….(More)”