Why Data are Hard to Value?
Water is undervalued, water data even more so.
Data are valued for their end use (derived demand). When data are shared and put to use by outside organizations (secondary demand), it is hard to assess their value.
Data are collected for different purposes, shaping their potential value. Here we explore common costs associated with data collection and the impact of different data purposes on its attributes and value.
Public data are collected because they are essential to government function. We explore what public data are and the implications of charging for data in terms of cost recovery and impacts on data usage.
Rapid changes in technology require continual investments to update data infrastructure and ensure data are preserved and available for future use. We look at two examples of public agencies exploring the costs and opportunities of monetizing their data services.