Economic Benefits of Open Data

From Open NZ Wiki

Open Government data can create positive impacts for the New Zealand economy.

[edit] Value of Spatial Information to the NZ Economy

Land Information New Zealand has stated that innovative use of spatial information pumped more than $1 billion into the New Zealand economy in 2008 – and better access to data could see that figure soar, according to a report into the value of spatial information.

A round up of the UK Ordnance Survey's (lack of) impact on the UK economy. They turnover £24 million. Estimated size of industry going begging - £79 billion. Should Ordnance Survey give its data away?.

[edit] Geospatial Interoperability Return on Investment Study

In 2005 NASA's Geospatial Interoperability Office released a report they'd commissioned from Booz Allen Hamilton: a return on investment study to articulate the benefits of using Geospatial Interoperable Open Interface Standards with emphasis on open standards implemented by the following Standards Bodies: ISO (19100 series), US Federal Geographic Data Committee (FGDC) and the Open Geospatial Consortium (OGC).

Here are just some of the key findings from the projects considered in their study:

- the project that adopted and implemented geospatial interoperability standards had a risk-adjusted ROI of 119.0%. This ROI is a “Savings to Investment” ratio. This can be interpreted as for every $1.00 spent on investment, $1.19 is saved on Operations and Maintenance costs.

- overall, the project that adopted and implemented geospatial interoperability standards saved 26.2% compared to the project that relied upon a proprietary standard. One way to interpret this result is that for every $4.00 spent on projects based on proprietary platforms, the same value could be achieved with $3.00 if the project were based on open standards.

- standards lower transaction costs for sharing geospatial data when semantic agreement can be reached between parties.

- standards lower transaction costs for sharing geospatial information when interfaces are standardized and can facilitate machine-to-machine exchange.

- etc

--Richard Murcott 12:35, 1 September 2009 (UTC)

[edit] Measuring economic value

District of Columbia competition calculates the cost savings to the 'state' by estimating how much it would have cost for the 'state' to create the applications entered.

The EU use a number of ways to estimate the value of the market
- crowdsourcing : data re-users are asked to estimate
- turnover : turnover of the data re-users, less the cost of acquiring the data
  - possibly from the data alone,
  - even total company turnover
  - also less money received by the data suppliers
- income : income received by the data suppliers
- staff : the number of people employed by the data re-users

Also see Measuring the value of data reuse from barcamp

--Clifton Chan 02:17, 2 September 2009 (UTC)

[edit] E-Government: Transformation of Public Governance in New Zealand? (2009)

http://researcharchive.vuw.ac.nz/handle/10063/929

Thesis by Rose Regina O'Neill Abstract: New information and communication technologies (ICTs) have been introduced in the government sector throughout the world in the past 10 - 20 years in an attempt to achieve greater operational efficiency and effectiveness. The benefits of ICTs include faster, streamlined administrative processing; lower transaction costs; better use of information resources; greater public access to government information and services; and more opportunities for public participation in democratic processes...