Dubai Data held a press conference today to launch findings from the 'Dubai Data Economic Impact Report', which the Dubai Smart Office had commissioned to international audit, tax and advisory firm KPMG. The research offers the Dubai Government with insights into the potential financial influences of opening and sharing information and includes a method for more extensive dimension of the financial effects of open and shared information, to permit normal evaluation of the actual effects in the future.

The study estimates that the opening and sharing of federal government and economic sector data will potentially include a total amount of 10.4 billion AED Gross Value Added(GVA) effect to Dubai; s economic climate annually by 2021. Opening up government information alone will lead to a GVA effect of 6.6 billion AED every year since 2021. This is equivalent to roughly 0.8% to 1.2% of Dubais forecasted GDP for 2021. Transport, storage, and communications are set to be the greatest contributor to this potential GVA of opening up government data, representing (27.8% or AED1.85 bn) of the complete quantity, complied with by public administration (23.6% or AED 1.57 bn); wholesale, retail, restaurants, and hotels (13.7% or AED 908 million); realty (9.6% or AED 639 million); and professional services (8.9% or AED 588 million). Financing and insurance, meanwhile, is determined to make up 6.5% (AED 433 million) of the GVA, while mining, manufacturing, and utilities (6% or AED 395 million); construction (3.5% or AED 230 million); and amusement and arts (0.4% or AED27 million) make up the remaining proportion.

This economic effect will be recognized via the publication, exchange, use and reuse of Dubai information. The Dubai Data Law of 2015 requireds that information carriers release open data and exchange shared data. It defines open data as any kind of Dubai data which is published and can be downloaded, made use of and re-used without limitations by all sorts of users, while shared data is the information that has been categorized as either confidential, delicate, or key, and could only be accessed by other government entities or by other authorised persons. The regulation pertains to local government entities, government entities which have any type of information associating with the emirate, people and firms that create, own, disseminate, or exchange any kind of information relating to the emirate. It intends to understand Dubai's vision of transforming itself into a smart city, manage Dubai Data according to a clear and specific method that is consistent with global best techniques, integrate the services provided by government and local government entities, and optimise using the information available to data suppliers, to name a few purposes.

Her Excellency Dr Aisha bint Butti Bin Bishr, Director General of the Smart Dubai Office, claimed: "At Smart Dubai, we are not planning to merely keep pace with data-related tasks occurring all over the world, we are, instead, looking for to play an introducing role in this industry, and setting the criterion and the instance for cities all over the world to follow. Our vision depends on gathering, securing, and sharing open and shared information. This strategy stands to galvanize research and development, as innovators around the city job to find new applications for the information, offer far better incorporated solutions, and boost overall governance. Dubai is taking the lead on the open and shared information front with the bold and extensive Dubai Data effort."

Meanwhile, Younus Al Nasser, CEO of Dubai Information, said: "Abiding by the Dubai Data Technique, we, at Dubai Data, constantly work to drive the publication and exchange of all relevant data to incorporate and harmonise the services provided by government and local government firms, and improve their decision-making process, allowing them to successfully process information, create policies, and apply strategic efforts. We put this research study with each other for that details purpose; we consulted numerous stakeholders across a range of government entities, such as the Dubai Stats Centre, the Division of Economic Advancement, the Roadways and Carry Authority, the Knowledge and Human Growth Authority, the Dubai Health Authority, and the Division of Tourism and Commerce Advertising."

The study identifies several stakeholders involved in the usage and reuse of open and shared data. These stakeholders - some of which are qualified as "information makers" - play a crucial duty when producing the economic impacts. They include: data enrichers, who incorporate open information with their very own sources and/or knowledge; data enablers, who do not make money straight from the information, however do so through the platforms and innovations they are offered on; data designers, who design and build Application Programs Interfaces (APIs); and data aggregators, who collect and merge data, supplying it to other stakeholders.

Additionally, the record takes place to take a look at the financial effect of open and shared data, consisting of boosted transparency, rely on government, innovation, and entrepreneurship. Open up and shared information could also foster added partnership and interaction between government entities and the economic sector, as well as residents. It also benefits private-sector innovation and performance (with the development of new companies, and the development of existing businesses) and more engages residents and site visitors directly with information to affect or inform their decisions.

While the high-level estimates provide an indication of exactly what could possibly be accomplished, the real influences that are know from open and shared information need to be kept an eye on and examined over time. Accomplishing this scale of effects is not particular and will certainly need input from the government and from other public- and private-sector players in the Dubai economy. This will certainly allow the Dubai Information Establishment to track development and to comprehend the key bars that it has to pull to boost the range of results and influences that are achieved.

The report constitutes a firm very first step ahead in the direction of understanding the potential economic influences of open and common information in Dubai. It shows the potential contribution of open and common information to the Dubai economic climate in regards to Gross Valued Added (GVA), which is straight linked to Gross Domestic Product (GDP), and highlights just how the Dubai Information Initiative can own this financial effect, all the while outlining exactly how end customers can use data and obtain benefits from it.