Data Control

3From Data to Information: Essential Transformations

3.1. Value creation from data processing¹

Today, while long-term economic growth depends on the accumulation of knowledge and the ability to introduce new products, processes, services, business models and organizational methods, the competitiveness of enterprises is determined by their ability to organize a beneficial environment for science, technology and innovation. In this age of “Big Data”, data, which is of central importance in corporate decision-making, is a new and valuable tool to feed their strategic vision.

In an ever-changing world, data, which is increasingly voluminous, rich and varied, represents a major asset for companies, provided they know how to capture, combine and analyze it. Data can be seen as a digital asset if it has the potential to create value for companies. They can predict possible outcomes by studying structured data and an ever-expanding body of unstructured data from different sources and then sharing these results to allow for meaningful correlations.

By publishing reusable data, organizations (public/private) thus promote the development of new services, as well as the dissemination of their content. The provision of more and more “open data” is important. Open data is a vast movement for the opening up of data, initiated in the United States during “Freedom Act” and which, like Google Maps, Amazon or ¹ eBay, has revolutionized the way we consume data. This opening will give rise to numerous ...