Posted by Openness Team

According to a recent McKinsey and Company report, open data’s economic value is an astounding $3 to 5 trillion annually. The world’s citizens have the most to gain through higher-quality, more affordable consumer products and services, but this potential can’t be realized without governments, which must lead the way in developing a dynamic open-data market. 
Although governments worldwide have now opened up some 1 million data sets, challenges remain. For the top three challenges, including dealing with the costs, and how to address them, please continue reading on the Microsoft on Government Blog.