Gaining GBP130m annually by realising London transport data
Transport for London (TfL) has published a new report on the economic benefits and savings of releasing its data as Open Data. The study reveals that the release of Open Data by TfL generates GBP130m each year. Benefits are shared among customers, road users, the city of London and TfL itself.
Over the course of almost ten years, Transport for London has released a substantial amount of Open Data, including timetables, service status and disruption information. The data has been freely available to anyone. Developers and partners have created numerous products and services (e.g. over 600 apps) improving journeys, saving time, maturing innovation and creating new jobs.