The global data wars
The open data opportunity, while in its nascent stages globally, is already predicted to generate in excess of $3 trillion in economic value annually across major sectors, from healthcare to transportation to consumer finance , solely based on the impact of availability of data alone. This is to say nothing of the thousands of new companies and tens of thousands of new economy jobs that will be stimulated as a result of this burgeoning opportunity. It represents a significant global economic, political and social opportunity, however the enabling environment plays a critical role in ensuring how well this opportunity is leveraged for local and regional economies.
This presentation provides an insight into the current landscape of activity in key markets around the world, the extent to which they are harnessing the potential of the data economy and how the battle for dominance might play out . It highlights the significant regional opportunities and challenges in the Australian context, and finally lays out an ideal policy and design framework to maximise the scale of this once-in-a-generation industry transformation.