Revolutionizing Supply Chain and Logistics: The Impact of Open Data

Published: 2023-09-11

The world of open data is constantly evolving, with new initiatives and developments taking place every day. Today, we bring you a roundup of the latest news in the open data space, highlighting the impact it can have on various industries and sectors.

In the realm of supply chain and logistics management, the Virtual Watch Tower (VWT) network is revolutionizing data sharing. By leveraging both private and public data, the VWT enables decision-makers to access valuable insights that can optimize their operations. Public data, sourced from government agencies and other public sources, provides information on factors such as weather conditions and traffic, which can significantly impact the flow of goods. With the VWT, actors along the supply chain can make more informed decisions and improve their overall efficiency.

Moving on to the Data Economy, the Research Triangle Park (RTP) in North Carolina has the potential to become a global center of excellence. With companies like SAS and IBM leading the way in data science and analytics, RTP already has a strong foundation. However, to solidify its position as the capital of the Data Economy, the region needs to focus on attracting and nurturing talent, gaining media coverage, and implementing favorable government policies. Investing in startups, incubators, and accelerators can foster the growth of the next generation of data-driven companies, further establishing RTP as a hub for innovation.

In the realm of public procurement, the Public Procurement Bill is currently open for public submissions. This bill aims to establish a comprehensive framework for public procurement processes, emphasizing transparency and preferential procurement. Public participation is encouraged to strengthen the legislation and ensure effective service delivery. The Budget Justice Coalition urges individuals and organizations to comment on the bill, contributing to its improvement and promoting transparency in public procurement.

Lastly, Toitū Te Whenua Land Information New Zealand (LINZ) is making past datasets more accessible through cloud storage. By partnering with Amazon Web Services, LINZ is making 20 terabytes of aerial imagery dating back to the 1970s available to the public. This move eliminates the need for physical transportation of large datasets and allows for quicker analysis. Scientists, researchers, governments, and the public can access these images through the Registry of Open Data. LINZ plans to add more images in the future, extending back to the 1940s. This initiative not only makes valuable historical data accessible but also facilitates research and analysis for future disasters.

These news summaries highlight the power of open data in various sectors. From supply chain optimization to fostering innovation in the Data Economy, open data is transforming industries and enabling better decision-making. The importance of transparency, accessibility, and public participation cannot be overstated. By leveraging open data and embracing its potential, we can create a more informed and equitable society. So let’s stay informed, engage with open data initiatives, and work towards a better future for ourselves and the generations to come.

https://www.maritime-executive.com/editorials/how-the-virtual-watch-tower-complements-private-data-with-public-data

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