New Business Models for Data-Driven Services

Data has become the infrastructure on which modern economies are built. Nowadays, data is vital in every sector, and businesses of every size increasingly depend on it. At the same time, the reuse of open data in Europe still requires further research and implementation efforts to fully express its potential for public and private value creation.
This paper provides a review of the research conducted over the past two decades on how information generated by the public sector and released in an open data format may purposely be re-used by for-profit and not-for-profit private entities.