Untangling the Open Data Value Paradox: How Organizations Benefit from Revealing Data

Heterodox approaches to save the day: A framework for analysing data-related innovation in legacy media businesses

“…Related to public value, there seems to emerge an agreement that when businesses use open data, they should provide a service that benefits the public, not just the companies themselves (Conradie and Choenni, 2014). As Enders et al (2021: 5) note, open data attracts different stakeholders, which can end in new collaborations and services. For legacy media, sharing data can mean increased collaboration and therefore play a significant role in innovation.…”

“…The third category is external visibility, which is improved as publishing data creates transparency among users and business partners and therefore increases the brand’s reputation while also helping with community building between stakeholders (Enders et al, 2021). Therefore, open data does not fit the traditional way of measuring value in monetary terms and calls for a different, more multidimensional type of analysis.…”

“…For legacy media, sharing data can mean increased collaboration and therefore play a significant role in innovation. More specifically, Enders et al (2021) outline three categories of distinct benefit.…”