Open Data Value Network and Business Models: Opportunities and Challenges

Open data increases the value among all the entities of an open data network. Although the entities of value network could greatly benefit from the business opportunities of open data, the lack of value network and business models has been highlighted as the significant challenge to data utilization in services and applications. The purpose of this paper is to address the relationships among the entities of the open data value network as well as the elements of business model which are required in open data based business support the activities of these entities. 13 interviews were carried out with entities from open data value network in Greece. Results were classified based on the business models of the value network entities.