Open Research Data Report: Report to the Australian National Data Service (now ARDC) (2014) [PDF 1MB] The Open Research Data Report: Report to the Australian National Data Service (now ARDC) (2014) by Professor John Houghton and Dr Nicholas Gruen estimates the value of the data created during the research process, along with an estimate of the benefits of curating and openly sharing public research data.
It is estimated that the value of data in Australia’s public research to be at least $1.9 billion and possibly up to $6 billion a year at current levels of expenditure and activity. Research data curation and sharing may well be worth at least $1.8 billion and possibly up to $5.5 billion a year, of which $1.4 billion to $4.9 billion annually is potentially yet to be realised. Hence, any policy and research data infrastructure around publicly-funded research data should aim to realise as much of this unrealised value as practicable.
Overall the report shows that a relatively small investment in a combination of data policy and infrastructure provides a significant increase in value to Australian innovation, research, and the broader economy.
The vertical axis represents the value of research data being generated per year and the horizontal axis represents how much research data is curated and publicly available. As illustrated in the graph, increasing the access to publicly funded research data can unlock up to $4.9 billion per year.