Posted by James Lawrence | 22 Apr 2010
Real value can be created for both governments and businesses who open their data to the general public, believes Tim Berners-Lee
The US and UK governments have been leading the world in the field of open data - putting hundreds of thousands of sets of raw data on the internet for the public to access, slice and dice in whatever way they wish.
According to Sir Tim Berners-Lee, the inventor of the worldwide web (and instigator of the UK initiative), enterprise is being left behind. And he has a point: how many businesses would be prepared to open up their masses of proprietary data to the general public?
Yet, believes Berners-Lee, real value can be created for enterprises and governments alike by letting the public get its hands on their data - and it can far outweigh the downsides. "Data is about relationships," he told a TED conference in 2009. "And the more things you have to connect together, the more powerful it is."
Companies that have already dared to do it - and won - include:
US retailer BestBuy (to increase SEO)
US online movie rental company Netflix (to "crowdsource" an improved recommendation algorithm)
Canadian mining firm Goldcorp (to, quite literally, strike gold)
Do you know any other examples? Let us know by commenting below.
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