The World Economic Forum estimates that the market for personal data will top €1 trillion by 2020. Booz Allen agrees. From using US government food and nutrition data to put the right items on a grocery store shelf, to aggregating apartment rental data for city planning, today’s sharing economy is creating market efficiencies through mutually-beneficial information exchange. Globally, governments are adopting open data policies and establishing platforms to share non-sensitive data, driving innovation and entrepreneurship. We have observed a wide variety of private companies, from blue chip consumer goods firms to fast-growing tech startups, developing remarkable business models using public and proprietary datasets. As an established thought leader in constructing effective strategic alliances, Booz Allen will use this session to introduce innovative new ideas on how data sharing can increase government transparency, improve regulation, launch new business lines, and stimulate economic growth.

1. The data
sharing
economy
Sources: Booz Allen Hamilton experience, World Economic Forum
TODAY’S REALITY TOMORROW’S VISION
• Data largely stored within
government agencies, ministries,
and departments
• If shared externally, typically
pushed online at a point in time
• Clearer, more consistent methods of
sharing and updating public data sets
• Two-way transfer, with governments
increasingly using private sector data
to make better policy and regulatory
decisions
• Private data tightly-held
• Limited company-to-company
information exchange, even when
similar systems and formats are
used
• Internal data treated as an asset for
use in strategic alliances and joint
ventures
• Increasing use of public and private
data to optimize supply chains, provide
insights into customer behavior, etc.
• Limited, albeit improving, ability
to dig deep into public data
• Limited control and rights to
personal data
• Empowered citizens have access
to government data, promoting
transparency and public accountability
• Consumers able to exert greater
control over how more than $1.1
trillion of their private information is
captured, stored, used, and erased
Governments
Industry
Citizens
“The sharing economy is real and growing. But there’s another
sharing economy that’s not yet getting the same kind of attention.
But it will. Because this sharing economy is going to change the
world. It’s not cars or tasks or rooms or groceries. It’s data.”
— Gene Marks, Forbes
For more information,
please contact:
Bryce Pippert
Principal
Pippert_Bryce@bah.com
@BrycePippert
Adam Porter-Price
Lead Associate
Porter-Price_Adam@bah.com
@AdamPorterPrice