Open government data is a key business resource for hundreds of U.S.-based companies. Previous studies have estimated the broad economic value of open government data, but Open Data 500 is the first to take an approach that looks at individual companies in depth. These companies use open data to develop new business opportunities both both commercial and non-profit products and services. Open Data is free, public data that can be used for research and to respond to business opportunities.
Open Data companies operate in a broad range of sectors, range in size from small to large, and use very diverse sources of open government data. The study has found that companies often rely on data from many government agencies and individual government departments and agencies not only provide data to a large number of companies, but they often serve companies in very different sectors of the economy.
The Open Data 500 study is being conducted by the Governance Lab (GovLab) at New York University. As part of its mission, the GovLab studies how institutions can publish the data they collect as open data so that businesses, organizations, and citizens can analyze and use this information.
The GovLab is planning to use this study’s findings to convene a series of roundtables between government agencies and businesses that use their data to help improve the processes and priorities for data release.
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