Visual Capitalist November 2, 2021
Article/Editing: Marcus Lu

The following content is sponsored by the Hinrich Foundation.

Hinrich Foundation

Why the World Needs Open Data

Over the last 10 years, data has quickly become one of the world’s most abundant resources.

It’s easy to see how, as well. Things we use on a day-to-day basis—phones, TVs, and even home appliances—are often connected to the internet and thus able to collect data. The result is 64 zettabytes (64 trillion gigabytes) of data being created in 2020.

When we are able to share and analyze this data, we can unlock value for both businesses and society. For instance, health data collected from wearable devices can help governments make...

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