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The Socioeconomic Effects of Public Sector Information on Digital Networks Toward a Better Understanding of Different Access and Reuse Policies: Workshop Summary (2009) / Chapter Skim
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12. Assessing the Economic and Social Benefits of NOAA Data Online
Pages 47-50

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From page 47...
... It also produces scientific and social science information for use in coastal management in partnership with states and local agencies. The National Marine Fishery Service manages the commercial fisheries of the United States, including legislatively protected marine species, and collects scientific and social science data used in analysis aimed at improving management decisions in that area.
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From page 48...
... Regarding its policy towards the access and reuse of PSI, NOAA follows OMB Circular A-130, which is the guidance for the executive branch agencies in the federal government. As Nancy Weiss has described, Circular A-130 states that the open, efficient, and free exchange of federal government information is essential.
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From page 49...
... Much of the data goes directly to the private sector, where they lead both to productivity gains and to the creation of new products, services, and other business lines. It has led, for example, to better weather forecasts and advances in GPS, which in turn have led to efficiency gains and spawned a number of value-added industries in the United States.
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From page 50...
... In the United States and Europe, there is a growing weather derivatives financial industry, due primarily to the fact that the risk models have gotten so much better, and the industry uses the publicly supplied data to settle those derivatives. Essentially, utilities are hedging their bets on what the temperatures will be over the next three months in order to improve fuel buying and other decisions.
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Key Terms

  • weather forecasts
  • publicly supplied
  • improve economic
  • information theory
  • major producer

  • national weather
  • supplied information
  • science information
  • weather service
  • digital networks

  • commercial fisheries
  • free exchange
  • improving management
  • information service
  • managers compare

  • branch agencies
  • marine resources
  • private weather
  • analysis aimed
  • atmospheric research

  • fishery service
  • coastal marine
  • government information
  • data supplies
  • ocean observing

  • risk models
  • major operating
  • forecasts derived
  • including calculating
  • weather derivatives


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