Access Your Own Data
Freely-available data from the Federal government and other sources can be a powerful input to private sector innovation. Open data can spur entrepreneurship, empower citizens, and create jobs. As just one example, data from the US Global Positioning System (GPS) have been utilized by entrepreneurs to power navigation systems, precision crop farming tools, and other innovations that add over $90 billion in value to our economy each year and have improved the lives of Americans in many ways.
We love the lottery. By some estimates, ticket sales are close to $50 billion per year in the US alone. That means the average American spends over $150 per year on lottery tickets.
Earlier this year, when the Mega Millions lottery became the world’s largest jackpot of all time, its 1-in-176,000,000 chances of winning were slightly worse than the chances of becoming the President of the United States (1 in 150,000,000). No matter how low the odds, the thrill of potentially using a small investment to nab a huge payday is infectious.
The U.S. Government, as well as the private sector, is sitting on a vast – and in many cases, untapped – supply of energy data. Sets of data aren’t what most people think of when we talk about safely and responsibly developing American energy resources such as wind, solar, oil, and gas. But data are also essential components of the President’s all-of-the-above energy strategy. To help harness the power of these data through a combination of technology and ingenuity, the Obama Administration has launched the Energy Data Initiative (EDI).