Open Data for Economic Growth in Russia
The report reviews the latest data about companies using open data, and highlights four companies which did not exist ten years ago, which are driven by open data, and which are each now valued at around $1 billion or more. It discusses the five ar...
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| Format: | Economic & Sector Work |
| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/07/23788274/open-data-economic-growth-russia-transport-ict-global-practice http://hdl.handle.net/10986/21320 |
| Summary: | The report reviews the latest data about
companies using open data, and highlights four companies
which did not exist ten years ago, which are driven by open
data, and which are each now valued at around $1 billion or
more. It discusses the five archetypical types of businesses
using Open Data, and cites concrete examples of each, and
discusses the types of data which are proving most likely to
lead to widespread business adoption and innovation. One of
the examples of successful open data companies is Zillow
with a market capitalization of over $3 billion, provides a
home and real estate on-line marketplace. Climate Corp,
acquired for $930 million by Monsanto in October 2013, uses
60 years of detailed crop yield data, weather observations
from one million locations in the United States and 14
terabytes of soil quality data - all free from the US
Government, to provide applications that help farmers
improve their profits by making better informed operating
and financing decisions. The paper suggests that since Open
Data is relatively new in Russia it is unsurprising that
there is less evidence of actual economic returns so far.
Nevertheless rapid progress has been made, with the
successful publication of over 500 datasets as promised by
July 2013. Subsequently the first version of the Russian
Open Data portal data.gov.ru has been launched, and already
contains close to 1300 datasets. In addition to the release
of data from Ministries of the Russian Federation there have
been creditable Open Data initiatives in several regions,
with 8 regional open data portals, and in major cities such
as Moscow and St Petersburg. There is no fundamental reason
why Russia should not be able to exploit the economic
advantages of open data for itself, and indeed why Russia
should not be a global leader in the exploitation of Open
Data elsewhere in the region and globally. In addition to
the available data and well-advanced digitization of the
government, Russia has active venture capital sector with
both state and private sources of capital, high-speed
broadband and mobile internet infrastructure and necessary
technical skills. The report makes some recommendations for
policies and actions which the Government of the Russian
Federation could take to maximize the economic growth
possible from their data, and suggests that the Government
should see itself not only as a Supplier of open data but
also as a leader, catalyst and user of it. |
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