Tim O'Reilly (2013) Open Data and Algorithmic Regulation
We are just at the beginning of a big data algorithmic revolution that will touch all elements of our society. Government needs to participate in this revolution.
[...] A successful algorithmic regulation system has the following characteristics:
A deep understanding of the desired outcome
Real-time measurement to determine if that outcome is being achieved
Algorithms (i.e. a set of rules) that make adjustments based on new data
Periodic, deeper analysis of whether the algorithms themselves are correct and performing as expected.
Open data plays a key role in both steps 2 and 4. Open data, either provided by the government itself, or required by government of the private sector, is a key enabler of the measurement revolution. Open data also helps us to understand whether we are achieving our desired objectives, and potentially allows for competition in better ways to achieve those objectives.