Benefits of Open Data
Open data has far reaching benefits and the reason for the rapid adoptaiton of the concept of open data within the scientific community.
Healthcare Benefits
- Better descion making for clinical practitioners with use of data
- Better choice and control of their treatment for patients
- Accelerates drug discovery and clinical trials
Scientific Benefits
- Reduces cost of data collection and data duplication in research
- Helps to reduce fraud in research
- Scientists are able to connect different datasets to discover previously unidenfied connections
Economical Benefits
The global value generated by Open Data is estimated to be over $3 trillon US dollars.
- Create new business opportunities
- Better descion making possibilities for businesses with data
- Creation of direct and indirect jobs in the field of open data
Environmental Benefits
- Creation of environmentally friendly cities
- Increased adoptation of renewabal energy over non-renewable energy
Government and Administrative Benefits
- Increased transparency within organizations
- Increased efficiency amongst organizations
- Use of open data for better decision making
- Use of open data for better policy makingprimary
Social Benefits
- Increase opportunities for under-represented ethnicities
- Increase