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U.S. government's open data proves a treasure trove for savvy businesses

Cindy Waxer | March 25, 2014
Hoping to capitalise on free government information, IT leaders are discovering the value -- and vexation -- of converting terabytes of data into new revenue streams.

"We're able to provide access to this universe of public data that is otherwise totally obscure and in the shadow," says Enigma co-founder Marc DaCosta.

In fact, there are plenty of ways for IT departments to tap the business value of open data. Some will opt to use tools from companies like Enigma. Others will staff their IT departments with Ph.D.s, develop sophisticated algorithms and build robust storage networks. And some will wait until government protocols catch up with corporate demands. Whatever the game plan, says Gurin: "Open data may not be the way for everybody, but it is the way forward-thinking CIOs are thinking about business."

 

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