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Technology leaders urge G20 Governments to cash in on US$ 13 Trillion windfall from Open Data standards

MEDIA RELEASE - Technology leaders urge G20 Governments to cash in on US$13 Trillion windfall from Open Data standards


6th November 2014, Brisbane, QLD:

The multi-trillion dollar opportunity posed by more open use of government and private sector data will be high on the agenda at the G20 ICT Industry Forum, a gathering of leading technologists and futurists, taking place in Brisbane on 10 November.

The benefits of 'Open Data' - or, adopting more open policies around government and private sector information sharing - are conservatively valued at US $13 trillion in the next five years for G20 economies and around $16 billion to the Australian economy alone, according to a recent report [1]. This figure represents more than half of the two per cent growth target the G20 set itself in February 2014.

Held at Brisbane City Hall just a few days ahead of the official G20 Summit, the forum will explore an action strategy around Open Data and discuss the future of ICT within Australia and throughout the world. The forum has been organised by the Council of ICT Associations Australia (CICTA) in partnership with Australian Computer Society (ACS) Queensland branch.

Speakers at the event include Australian economist Mr Nicholas Gruen, CEO of

Lateral Economics; Dr Tim Foresman, World Renowned Former NASA and UN Chief

Environmental Scientist; Hayden Delaney, Futurist and global ICT trend expert; Dr

Stefan Hajkowicz, Principal Scientist - Strategy and Foresigh, CSIRO; Dr Simon Kaplan, Director, Skills and Industry Transformation, NICTA - QId; and Dr Nick Tate, Director, RDSI Project, University of Queensland and Immediate Past President, and Chair, Queensland Branch, ACS.

Dr Tate said the Open Data discussion was a priority agenda item for the forum because it is a relatively simple but high impact way for world economies to create huge cost and resource efficiencies - as well as staggering social and economic outcomes.

"It was a very deliberate decision to stage this forum in the same week as the official G20 event - we believe the topics under discussion at our forum are critically important to our world governments.'

Dr Tate said some of the ideas being discussed at the forum include the ability for open data policies to assist in job matching and the future ability to make better use of business tax payment records to inform governments and the private sector about the state of the economy.

"When companies pay their GST and other taxes, they record their activity and that generates very useful data on consumption, exports and investment, "Dr Tate said.


Further information

Dr Nick Tate 0412 674010; Laura Douglas (02) 9492 1002 or mobile: 0452 505 859


[1] Open for Business: How Open Data can help achieve the G20 growth target' by Lateral Economics is the first study to quantify and illustrate the potential of Open Data to help achieve the G20's 2% growth target.