Firms can leverage ODECOs for value creation and capture by: providing or consuming open data that can be used for various purposes, such as improving decision making, enhancing products and services, solving problems, or generating insights; developing or adopting open data business models that can generate value from data sharing, aggregation, analysis, or monetisation; participating in or orchestrating open data platforms that can facilitate data exchange, discovery, and access among various stakeholders; and engaging in or supporting open data communities that can foster data quality, standards, and governance.
