Open Data Business Models and Value Disciplines

The problem

Open data holds considerable economic and social value beyond the walls of the governments and institutions that share their data. However, there are still many open data-driven organisations that are struggling to comprehend how to generate revenue and survive by adapting to the changes brought on by the ubiquitous growth of open data and ‘Big Data.’ Therefore, data-driven organisations should develop and implement a business model before starting their business.

The solution

Open data businesses – an oxymoron or a new business model?, Value Story: This value story from OKI’s Open Data Handbook describes several private sector ventures that use open data.

Integrating user-centered design into open data strategy, OpenFDA: This best practice advocates for ensuring that open data meets the existing needs of users. The case study linked explains the user-centered design process for OpenFDA, a government data portal for the U.S. Food and Drug Administration.

Open Data 500: This resource maps how different companies use open government data, including several EU countries.

Open data means business, The Open Data Institute: This case study conducted by The Open Data Institute shows the different innovation that has been possible in the UK as a result of open data.

How to make a business case for open data, The Open Data Institute: This guide, developed by The Open Data Institute, helps organizations and potentially governments identify how open data aligns with their business model.