{"id":1295,"slug":"odi-lateral-economics-open-data-gdp-0-5pct","title":"ODI / Lateral Economics — open data adds ~0.5% of GDP/yr more value than equivalent paid data (range 0.4-1.4% across studies)","kind":"reference","scope":"business","status":"current","audiences":["kevin","smb-owner","candid-team"],"topics":["open-data","open-data-licensing"],"reference_body":"**Claim:** Open Data Institute / Lateral Economics: **open data adds ~0.5% of GDP/yr more value than equivalent paid data**. Figure ranges **0.4-1.4%** across studies (per data.europa.eu).\n\n**Source:** theodi.org ; data.europa.eu.\n\n**Confidence:** Verified (macro context).\n\n**Caveat:** Macro estimate; not directly mappable to any single SMB. Pair with [[mckinsey-open-data-1-1-5pct-gdp-2030-projection]] for the forward-projection sibling.\n\n**Why this matters for Candid:** Useful one-line \"open data is not a marginal phenomenon\" framing in client conversations. Treat as context, not as evidence of any specific SMB outcome.","rationale_body":null,"metadata":null,"links":{"outgoing":[],"incoming":[{"slug":"research-brief-data-driven-tools-smb-june-2026","title":"Research brief: live data and data-driven tools for SMBs — when it's an edge, when it's overkill (June 2026)","kind":"reference","scope":"business","link_type":"relates-to"},{"slug":"mckinsey-open-data-1-1-5pct-gdp-2030-projection","title":"McKinsey — broad open-data ecosystems could add ~1-1.5% of GDP by 2030 in EU/UK/US (4-5% in India); forward-looking projection","kind":"reference","scope":"business","link_type":"relates-to"},{"slug":"caveats-data-driven-tools-vendor-self-reported-and-large-enterprise","title":"Caveats for the data-driven-tools brief: vendor self-reporting on conversion; enterprise-scale benchmarks; named-user quotes; macro projections","kind":"reference","scope":"business","link_type":"relates-to"}]},"created_at":"2026-06-20T16:57:38.967Z","updated_at":"2026-06-20T16:57:38.967Z"}