Opening industry data: The private sector’s role in addressing societal challenges
This commentary explores the potential of private companies to advance scientific progress and solve social challenges through opening and sharing their data. Open data can accelerate scientific discoveries, foster collaboration, and promote long-term business success. However, concerns regarding da...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Cambridge University Press
2023-01-01
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| Series: | Data & Policy |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S2632324923000159/type/journal_article |
| _version_ | 1827931666760335360 |
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| author | Jennifer Hansen Yiu-Shing Pang |
| author_facet | Jennifer Hansen Yiu-Shing Pang |
| author_sort | Jennifer Hansen |
| collection | DOAJ |
| description | This commentary explores the potential of private companies to advance scientific progress and solve social challenges through opening and sharing their data. Open data can accelerate scientific discoveries, foster collaboration, and promote long-term business success. However, concerns regarding data privacy and security can hinder data sharing. Companies have options to mitigate the challenges through developing data governance mechanisms, collaborating with stakeholders, communicating the benefits, and creating incentives for data sharing, among others. Ultimately, open data has immense potential to drive positive social impact and business value, and companies can explore solutions for their specific circumstances and tailor them to their specific needs. |
| first_indexed | 2024-03-13T06:55:49Z |
| format | Article |
| id | doaj.art-5f5091c1c6074ccd96cb830db412d134 |
| institution | Directory Open Access Journal |
| issn | 2632-3249 |
| language | English |
| last_indexed | 2024-03-13T06:55:49Z |
| publishDate | 2023-01-01 |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Data & Policy |
| spelling | doaj.art-5f5091c1c6074ccd96cb830db412d1342023-06-07T07:30:04ZengCambridge University PressData & Policy2632-32492023-01-01510.1017/dap.2023.15Opening industry data: The private sector’s role in addressing societal challengesJennifer Hansen0https://orcid.org/0000-0003-4587-7810Yiu-Shing Pang1https://orcid.org/0000-0002-2571-9498Microsoft, Office of Open Data, Redmond, WA, USAUK Power Networks, Asset Management, London, United KingdomThis commentary explores the potential of private companies to advance scientific progress and solve social challenges through opening and sharing their data. Open data can accelerate scientific discoveries, foster collaboration, and promote long-term business success. However, concerns regarding data privacy and security can hinder data sharing. Companies have options to mitigate the challenges through developing data governance mechanisms, collaborating with stakeholders, communicating the benefits, and creating incentives for data sharing, among others. Ultimately, open data has immense potential to drive positive social impact and business value, and companies can explore solutions for their specific circumstances and tailor them to their specific needs.https://www.cambridge.org/core/product/identifier/S2632324923000159/type/journal_articleCollaborationopen dataprivate sectorsocietal benefitssocietal challenges |
| spellingShingle | Jennifer Hansen Yiu-Shing Pang Opening industry data: The private sector’s role in addressing societal challenges Data & Policy Collaboration open data private sector societal benefits societal challenges |
| title | Opening industry data: The private sector’s role in addressing societal challenges |
| title_full | Opening industry data: The private sector’s role in addressing societal challenges |
| title_fullStr | Opening industry data: The private sector’s role in addressing societal challenges |
| title_full_unstemmed | Opening industry data: The private sector’s role in addressing societal challenges |
| title_short | Opening industry data: The private sector’s role in addressing societal challenges |
| title_sort | opening industry data the private sector s role in addressing societal challenges |
| topic | Collaboration open data private sector societal benefits societal challenges |
| url | https://www.cambridge.org/core/product/identifier/S2632324923000159/type/journal_article |
| work_keys_str_mv | AT jenniferhansen openingindustrydatatheprivatesectorsroleinaddressingsocietalchallenges AT yiushingpang openingindustrydatatheprivatesectorsroleinaddressingsocietalchallenges |