Unlocking Economic Value by Opening Government and Public Data.
Governments and public authorities across the world are launching Open Data initiatives. Research indicates that by October 2011, twenty eight nations around the world had established Open Data portals. Public administration officials are now beginning to realize the value that opening up data can have. For instance, the direct impact of Open Data on the EU27 economy was estimated at €32 Billion in 2010, with an estimated annual growth rate of 7%.