Using big data to make better pricing decisions This McKinsey report delves into how profit margins can be increased by harnessing big data to find the best price at the product—not category—level without drowning in numbers. It list 4 things companies can do to achieve this.
Open Data Applied Open for Business: How Open Data Can Help Achieve the G20 Growth Target Omidyar Network recently revealed the first study to quantify and illustrate the potential of Open Data to help achieve the G20’s economic growth target. It found that open data cuts across a number of G20 priorities and could achieve more than half of the G20’s 2% growth target. It provides recommendations for reaching these goals and calls on G20 economies to sign up to the Open Data Charter. The potential of open data to impact resource allocation for poverty eradication in Kenya and Uganda Development Initiatives looked at the impact of open data on resource allocation for poverty eradication in Uganda and Kenya. The case study gives views on ways that open data initiatives can heighten their impact, as well as improve transparency and accountability, and economic efficiency and enable greater inclusion and empowerment of marginalised groups.
Open government: getting beyond impenetrable online data In this post Jed Miller emphasises the need for open data initiatives to focus on the needs of the end users. Failure to reach the public, limits any return on investment in research and web libraries. For example of the 1,600 bank reports posted online by the World Bank from 2008 to 2012, 32% had never been downloaded at all and another 40% were downloaded under 100 times each. It follows that not only better tools are needed but also a change in thinking which prioritises needs of the average end user.