"There's no doubt whatsoever [about] opening up this whole territory and allowing others to mine that data, because it's a hugely rich source, and to provide much greater visibility and genuine intelligence of what's going on," said Maude.
Fellow panellist Beth Noveck, who led President Obama's open government initiative as the US's deputy CTO for open government, and founder of The GovLab, added: "There are new opportunities when we can have open contracts as open data that are computable. When there are 50 contracts with the same entity, we can begin to have red flags that go up, mashing data to show that the 50 different entities are all the same company.
"In every business in industry, CEOs are using analytics to see how better they can do. Open contracting can help governments to do better in what they do."
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