A new report from Smart Dubai the ‘Dubai Data Economic Impact Report’ measures the value of open and shared data to Dubai through different sectors, according to figures from Smarth Dubai office, open and shared data could add AED 10.4 billion ($2.8bn) to Dubai’s economy by 2021 per year!
Younus Al Nasser, assistant director general, Smart Dubai Office and CEO of Dubai Data Establishment, said at the launch of the report today that the report was an attempt to measure the impact of open data initiatives to the city and the UAE.
Government data alone could create AED 6.6bn in value, equivalent to 0.8-1.2% of Dubai’s forecasted 2021 GDP. Broken down by sector, public administration could contribute AED 1.57bn, transport, storage and communication AED 1.85bn, wholesale, retail, hotels and restaurants a further and AED 908m and real estate AED 639m.The values were calculated based on global benchmarks for data impact.
The benchmarking will support Dubai to prioritise the sectors that have most to gain from open data, and to drive a culture of data sharing, Al Nasser said.
Her Excellency Dr Aisha bint Butti Bin Bishr, Director General of the Smart Dubai Office commented: “The Dubai Data Impact Report is an essential step in preparing our city to realise the greatest potential impact from data, fuelling our city-wide [effort] to make Dubai the happiest city on Earth.”
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