How to find potential business ideas using Open Data - a case study on Swedish Open Data Portal and Road Safety Data in UK

Abstract

As more and more governmental datasets are going from being locked inside a drawer to being public accessible for free, there is a consensus about the fact that the Open Data provides companies with great opportunities to create value and new revenue streams. Based on the two cases of Open Data published by the Swedish Open Data Portal and by by the Department for Transport in UK in combination with current Open Data business model, this paper has identified and presets several business opportunities that arise from this. These opportunities are followed by a discussion about the common denominators of the opportunities. The discussion also covers the current state of art of Open Data as well as what might be the biggest current constraints for why it has not yet reached its full potential in regards to value creation.