Today's unprecedented growth of data and their ubiquity in our
lives are signs that the data revolution is transforming the world.
And yet much of the value of data remains untapped. Data collected
for one purpose have the potential to generate economic and social
value in applications far beyond those originally anticipated. But
many barriers stand in the way, ranging from misaligned incentives
and incompatible data systems to a fundamental lack of trust. World
Development Report 2021: Data for Better Lives explores the
tremendous potential of the changing data landscape to improve the
lives of poor people, while also acknowledging its potential to
open back doors that can harm individuals, businesses, and
societies. To address this tension between the helpful and harmful
potential of data, this Report calls for a new social contract that
enables the use and reuse of data to create economic and social
value, ensures equitable access to that value, and fosters trust
that data will not be misused in harmful ways. This Report begins
by assessing how better use and reuse of data can enhance the
design of public policies, programs, and service delivery, as well
as improve market efficiency and job creation through private
sector growth. Because better data governance is key to realizing
this value, the Report then looks at how infrastructure policy,
data regulation, economic policies, and institutional capabilities
enable the sharing of data for their economic and social benefits,
while safeguarding against harmful outcomes. The Report concludes
by pulling together the pieces and offering an aspirational vision
of an integrated national data system that would deliver on the
promise of producing high-quality data and making them accessible
in a way that promotes their safe use and reuse. By examining these
opportunities and challenges, the Report shows how data can benefit
the lives of all people, but particularly poor people in low- and
middle-income countries
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