Gartner Research

The Benefits and Risks of Using Open Data

Published: 08 April 2015

ID: G00275319

Analyst(s): Douglas Laney

Summary

The growing availability of open data presents business leaders, information strategists and data scientists with new analytic, operational and collaborative opportunities. However, Gartner advises leaders to proceed with care, as there are risks unlike those found in internal information assets.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Open data is a growing class of available information assets that increasingly provides business and IT leaders with additional inputs for enhanced analytics and digital business
  • Using open data offers an array of business benefits for business and IT leaders, including enhanced business analytics, business strategy insights, market and trend awareness, and even direct monetization
  • Business and IT leaders will discover that by consuming open data, organizations expose themselves to a variety of risks; whereas the purchase of syndicated data from information brokers, or the use of internal enterprise data, may not

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