6. Social, Political, Regulatory & Economic Environment

• not a finite resource like oil

• data is a digital resource that can be endlessly reproduced and shared

• While oil is a valuable commodity that is essential to many industries, the value of data can vary greatly depending on its quality, relevance, and how it is used.

• like oil, data is a valuable resource that is essential to many industries and can be used to generate wealth and power.

• like oil, data can be collected, processed, and transformed into a useful form.

• Just as oil has played a central role in the development of modern societies, data is increasingly seen as a critical resource that will shape the future of our world.

“Open means anyone can freely access, use, modify, and share for any purpose (subject, at most, to requirements that preserve provenance and openness).”

PSI Directive (Public Sector Information Directive)

The PSI Directive (Public Sector Information Directive) is a European Union directive that promotes the re-use of public sector information for commercial and non-commercial purposes.

It requires EU member states to make their information available for re-use and sets out rules for accessing and using this information.

The main goals of the PSI Directive are to promote re-use, encourage innovation and economic growth, foster competition and choice, and increase transparency and accountability. It applies to a wide range of public sector bodies and covers a variety of information types. Fees for the re-use of public sector information may be charged, but must be reasonable and non-discriminatory.

Open Government Data refers to data that is collected and produced by governments and made available to the public in a machine-readable format. Its purpose is to promote transparency, accountability, and citizen engagement by making government data more accessible and usable.

Property market where data sale negotieted between buyer and seller

Consumer market - data off the shelf