Forrester Blog contributor, Jennifer Belissent, Ph.D, writes an interesting article about open data, which for a long time has been used effectively by government agencies (think Bureau of Labor Statistics, World Bank, National Oceanic and Atmospheric Administration, and US Global Positioning System). This type of data gave birth to services like weather.com, FourSquare and Yelp. Open data at the local level compliments these existing data sources and federal data initiatives in Health, Energy, Education and other industries are in response to a mandate to further open public data. Dr. Belissent advises companies to innovate with this data because “if you don’t, your competitors will.” A few examples of companies using government data with their internal data for strategic decision-making are:

  • Healthgrades.com – aggregates data on clinical outcomes and patient safety from a variety of government sources
  • Healthline – health search engine fueled by data from Health & Human Services
  • JP Morgan Chase – uses U.S. government economic statistics to generate credit card information and other data about U.S. consumers
  • Mint.com – provides real-time spending data across the country
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