Unlocking the Power of Shared Data for Innovation and Transparency

Published: 2024-03-11

Open data means sharing data with the public for transparency. Companies use open data by sharing data, working with others, and using technology to analyze data effectively.

One example is Kongsberg Discovery and Cathx Ocean creating SAS Target Assistant. This tool uses machine learning to find objects underwater faster.

Fortinet invested in Calgary to improve cybersecurity with open data. They want to create jobs and help people in the digital world.

Gender data transparency is important in open data. Kazakhstan is a leader in this. Better gender data helps promote equality.

Deloitte Access Economics says sharing data can help Australia’s economy. The Consumer Data Right lets people control their data. But there are challenges to overcome.

Consumers need to understand open data to protect their privacy. Companies that share data openly build trust with customers.

Learning about open data can help people make better choices. Collaboration, innovation, and transparency are important for open data to make a positive impact.

https://www.cgap.org/blog/open-finance-can-reduce-financial-inclusion-gaps-heres-how

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