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Innovation in Artificial Intelligence and the Catalyst of Open Data Sharing: Literature Review and Policy implications

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  • Dam, John
  • Rickon, Henry

Abstract

This literature review aims to elucidate the nuanced relationship between data openness and innovation within the field of Artificial Intelligence (AI). As the significance of AI continues to expand across various sectors, understanding the role of open data in fostering innovation becomes increasingly critical. Through this review, we systematically explore and analyze the wealth of existing literature on the topic. We address key concepts, theoretical perspectives, and empirical findings, shedding light on the multi-dimensional facets of data openness, including accessibility and usability, and their impact on AI innovation. Furthermore, the review highlights the practical implications and potential strategies to leverage data openness in propelling AI innovation. We also identify existing gaps and limitations in current literature, suggesting avenues for future research. This comprehensive review contributes to the evolving discourse in AI studies, offering valuable insights to researchers, data managers, and AI practitioners alike.

Suggested Citation

  • Dam, John & Rickon, Henry, 2023. "Innovation in Artificial Intelligence and the Catalyst of Open Data Sharing: Literature Review and Policy implications," Thesis Commons a3zwu, Center for Open Science.
    • Handle: RePEc:osf:thesis:a3zwu
    DOI: 10.31219/osf.io/a3zwu
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    References listed on IDEAS

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    1. Erik Brynjolfsson & Daniel Rock & Chad Syverson, 2018. "Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 23-57, National Bureau of Economic Research, Inc.
    2. Sivarajah, Uthayasankar & Kamal, Muhammad Mustafa & Irani, Zahir & Weerakkody, Vishanth, 2017. "Critical analysis of Big Data challenges and analytical methods," Journal of Business Research, Elsevier, vol. 70(C), pages 263-286.
    3. Charles Ayoubi & Boris Thurm, 2023. "Knowledge diffusion and morality: Why do we freely share valuable information with Strangers?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(1), pages 75-99, January.
    4. Bresnahan, Timothy, 2010. "General Purpose Technologies," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 761-791, Elsevier.
    5. Zoltán J. Ács & Pontus Braunerhjelm & David B. Audretsch & Bo Carlsson, 2015. "The knowledge spillover theory of entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 7, pages 129-144, Edward Elgar Publishing.
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