What do you need to know about open data to capitalize on a $3 trillion opportunity? To find out, we Tweet-chatted live with two leading experts.
New McKinsey research shows that open data—machine-readable information available to third parties—could generate $3 trillion or more in annual value. We explored the potential opportunities in a live Twitter chat on @McKinsey, joined by Tim O’Reilly (@timoreilly), founder of O’Reilly Media and one of the open-source movement’s leading champions, and McKinsey partner Michael Chui (@mchui), coauthor of our latest report, Open data: Unlocking innovation and performance with liquid information.
Here are some of the highlights. To keep up with the latest and see a recap of the conversation, search for #McKData on Twitter.
About the participants
With more than 1.7 million followers on Twitter and almost 3 million on Google+, Tim O’Reilly is one of technology’s most influential voices. The founder and CEO of O’Reilly Media, he also hosts business and technology conferences, including the Web 2.0 Summit, the Web 2.0 Expo, the O’Reilly Open Source Convention, the Gov 2.0 Summit, and the Gov 2.0 Expo. Tim’s blog, the O’Reilly Radar, “watches the alpha geeks” to identify emerging technology trends and serves as an advocacy platform for issues of importance to the technical community.
Michael Chui is a principal with the McKinsey Global Institute, the firm’s business- and economics-research arm, where he leads investigations into the impact of information technology and innovation on business, the economy, and society. Michael has led research in areas such as big data, social technologies, and the Internet of Things. Prior to joining McKinsey, Michael served as the first chief information officer of Bloomington, Indiana, where he rearchitected the enterprise architecture using open-source technologies and led a project that made Bloomington the world’s first community to offer live and archived video streaming of public meetings.