From the course: Open Data: Unleashing Hidden Value
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Different models for the currency of data
From the course: Open Data: Unleashing Hidden Value
Different models for the currency of data
- [Instructor] Now that we've briefly discussed the process for publishing data on a government open data portal, let's talk about how often we might update that data, and the different options for keeping data current. There are several reasons why we are concerned with how current data is. First, a mantra of data as an asset is that the more current it is, the more value it has. For example, if you are working on housing planning for a community, it's more useful to know what the current population is for an area than what the population was three years ago. Another reason we are concerned with the topic of how current data is, is that the process of keeping data current has a cost to it. That cost also depends on the frequency of updates. If we just uploaded a data set at a point in time and didn't change it, it would not incur any effort on the part of the agency. If it was agreed to update each year, that would take some effort, but it wouldn't be that difficult. However, if we…
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