Open Data Institute: Unlocking Value

Data

ODI LogoODI: Over £40m* value unlocked worldwide

The Open Data Institute (ODI) has announced that the total value it has helped unlock to the open data ecosystem has exceeded £40m in the three years since it opened. This includes direct income, grants and competition funding, incubated ODI Startup income and the ODI Node franchise network. Also today, the company confirmed that five new startup businesses, and four new franchise nodes will join and that its membership programme has topped 350 participants, including the Co-op and Ocado. The ODI was founded by Sirs Tim Berners-Lee and Nigel Shadbolt in 2012. Its mission is to connect, equip and inspire people around the world to innovate with data.

Phi Beta Iota: Worthy of a full read, in part because so many are uncertain as to how one “profits” from open source anything. The short answer is that unlike conventional capitalist profits that are concentrated among the few, open source profits are spread across the many, and hence more difficult to perceive, calculate, and appreciate — but the unlocked value is there and the potential value to be unlocked is infinite.