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Data-Driven Innovation

Big Data for Growth and Well-Being

image of Data-Driven Innovation

Today, the generation and use of huge volumes of data are redefining our “intelligence” capacity and our social and economic landscapes, spurring new industries, processes and products, and creating significant competitive advantages. In this sense, data-driven innovation (DDI) has become a key pillar of 21st-century growth, with the potential to significantly enhance productivity, resource efficiency, economic competitiveness, and social well-being.

Greater access to and use of data create a wide array of impacts and policy challenges, ranging from privacy and consumer protection to open access issues and measurement concerns, across public and private health, legal and science domains. This report aims to improve the evidence base on the role of DDI for promoting growth and well-being, and provide policy guidance on how to maximise the benefits of DDI and mitigate the associated economic and societal risks.

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Governments leading by example with public sector data

This chapter examines the benefits and challenges of opening access to data from one of the economy’s most data-intensive sectors, the public sector. The potential of public sector information (PSI) including open government data (OGD) is discussed from several perspectives: use by government itself which, in tandem with data analytics, can make for better informed policy making and enable delivery of more innovative services; open access for citizens, which can greatly improve accountability through transparency and lead to citizens’ empowerment; and reuse in the private sector, a stimulus to innovation. The challenges in implementing open data strategies are also enumerated, including dissuasive pricing and licensing practices; differences in licensing systems across national institutions; lack of information and standards and poor interoperability; organisational and cultural obstacles within the public sector; and legal constraints. The chapter concludes with a number of recommended policy options.

English

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