Open Data More Important than Big Data, Gartner Argues

Nathan Eddy of eWeek reports that, according to Gartner analysts, open data is "far more consequential for increasing revenue and business value" than Big Data. He writes, "Open data, according to the research firm, refers to the idea that certain data should be freely available to everyone to use and republish as they wish, without restrictions from copyright, patents or other forms of control."

David Newman, research vice president at Gartner  commented, "Big data is a topic of growing interest for many business and IT leaders, and there is little doubt that it creates business value by enabling organizations to uncover previously unseen patterns and develop sharper insights about their businesses and environments… However, for clients seeking competitive advantage through direct interactions with customers, partners and suppliers, open data is the solution. For example, more government agencies are now opening their data to the public Web to improve transparency, and more commercial organizations are using open data to get closer to customers, share costs with partners and generate revenue by monetizing information assets."

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