In the digital economy, big data can mean big money. While some companies are strictly safeguarding their data, others are joining the open data movement and releasing useful data in different ways and reaping significant benefits by way of data monetization, higher value to customers and better goodwill. The impact of using open source data on businesses can vary.
In this Q&A with Data Economy, Moshe Kranc delves deeper into the impact of open source data on small and large companies, and how organizations can cope with it in the age of artificial intelligence.
Moshe adds, “One key example is the Uber Movement, which uses data from the billions of rides Uber has provided, to let planning agencies and researchers track car travel times between any location at any time of day.”