Open data ‘could add over $2.8bn to Dubai economy’ | Noozz
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"The opening and sharing of government and private sector data will potentially add a total of Dh10.4 billion ($2.83 billion) gross value added (GVA) impact to Dubai’s economy annually by 2021, a report said.
Opening government data alone will result in a GVA impact of Dh6.6 billion annually as of 2021, added the 'Dubai Data Economic Impact Report' commissioned by Dubai Smart Office had to international audit, tax, and advisory firm KPMG.
This is equivalent to approximately 0.8 per cent to 1.2 per cent of Dubai’s forecasted GDP for 2021. Transport, storage, and communications are set to be the highest contributor to this potential GVA of opening government data, accounting for 27.8 per cent (or Dh1.85 billion) of the total amount, followed by public administration (23.6 per cent or Dh1.57 billion); wholesale, retail, restaurants, and hotels (13.7 per cent or Dh908 million); real estate (9.6 per cent or Dh639 million); and professional services (8.9 per cent or Dh588 million).
Finance and insurance, meanwhile, is calculated to make up 6.5 per cent (Dh433 million) of the GVA, while mining, manufacturing, and utilities (6 per cent or Dh395 million); construction (3.5 per cent or Dh230 million); and entertainment and arts (0.4 per cent or Dh27 million) account for the remaining proportion. The study provides the Dubai Government with insights into the potential economic impacts of opening and sharing data and includes a methodology for more rigorous measurement of the economic impacts of open and shared data, to allow regular assessment of the actual impacts in the future.
This economic impact will be realized through the publication, exchange, use and reuse of Dubai data. The Dubai Data Law of 2015 mandates that data providers publish open data and exchange shared data."