The Economics of Open Data

Data doesn’t make for a very good tradable commodity. It’s benefits spread well beyond the people who trade in it, it’s almost impossible to stop people from copying and sharing it, and it can be enjoyed by multiple people at the same time.

In a post written for Open Data Manchester on The Economics of Open Data, regular member Robin Gower, explains how these characteristics mean that data will have a much greater economic and social impact if it is made available as open data. He also discusses the implications for established “closed-data” business models and for the government.