While building a business by sharing your company’s data publicly may seem unreasonable, studies have found that opening up your data may benefit not only your company but also the health of entire sectors. Open data is data that anyone can access, use or share. By sharing this data and untapping its vast potential, new business opportunities can be created and many development problems can be solved. “Data is the current oil. If we get data, we can create new business models and change the world,” said Fady Ramzy, CEO of Inside Out Today that brings the latest digital technologies to the MENA region such as open-linked data.