The economic impact of open data: what do we already know?

“Open data fuels economic growth. Many believe in the theory and ask for the proof. A new report by Nesta and the ODI adds to the evidence of the impact of open data. The report’s analysis, undertaken by PwC, examines the effects of the Open Data Challenge Series (ODCS) and predicts the programme will result in a potential 10x return (£10 for every £1 invested over three years), generating up to £10.8m for the UK economy.”

More voices mean smarter cities

Creating mechanisms for participation in urban planning can be as traditional as institutionalizing town meetings on zoning issues or as innovative as deploying digital platforms for community mapping. For instance, a number of initiatives, such as the Open Cities Project, illustrate the ways in which citizens can help contribute information to the policymaking process.

Open Cities draws on inputs from a range of groups to “create usable information through community mapping techniques, to build applications and tools that inform decision making, and to develop the networks of trust and social capital necessary for these efforts to become sustainable.” The project informs World Bank investment planning on addressing urban challenges and disaster risk in pilot cities in South Asia.