The International Finance Corporation hosted a ‘Hard Talk’ on Tuesday, February 25, 2014 entitled ‘Presumption of Openness: Can Open Data Contribute to Economic Growth and Prosperity?’ Rufus Pollock, Director and Co-founder of Open Knowledge Foundation, and Gavin Starks, CEO of Open Data Institute, provided insight as guest speakers about what constitutes open data, how it contributes to economic growth, and the ways in which it can contribute to The World Bank Group’s twin goals of poverty eradication and shared prosperity.
Essentially, open data is both a concept and a category of data. It is the idea that some data should be freely available to everyone to use and repurpose without restrictions from copyright, patents, or other controls. It is defined by three characteristics: (1) ease of access to data, (2) ability to reuse and share data, and (3) universal participation- anyone can use the data. As a category of data, open data refers to data— big and small— that are comprised of anonymous and non-personal information and to content, such as images, text and music.
In terms of poverty reduction, both Pollock and Starks believe that the potential benefits of open data are numerous and powerful. As urbanization, globalization, and fragmentation all continue to shape societies, they argue that data can help governments, the private sector, and communities to be more efficient, resourceful, and effective.