Policy paper

The economic value of data: discussion paper

A discussion paper on the economic value of data and the challenges to address to strengthen the UK’s position as a world leader in data-driven innovation.

• From: HM Treasury
• Published: 2 August 2018

This was published under the 2016 to 2019 May Conservative government

Documents

The economic value of data: discussion paper

Ref: ISBN 978-1-912225-80-4 , PU2169

PDF, 486 KB, 23 pages

Details

Data is the fuel of the digital economy. Technological change has radically increased both the volume of data in the economy, and our ability to process it. This presents an opportunity to transform our economy and society for the better.

This discussion paper provides an assessment of the economic value of data, and sets out five challenges to getting the most out of it for the UK economy:

1. Addressing ownership and control of data
2. Maintaining protection of personal data
3. Openness in public sector data
4. Driving interoperability and standards
5. Enabling safe, legal data sharing

Published 2 August 2018