News release: "The Commission has launched an Open Data Strategy for Europe, which is expected to deliver a €40 billion boost to the EU's economy each year. Europe’s public administrations are sitting on a goldmine of unrealised economic potential: the large volumes of information collected by numerous public authorities and services. Member States such as the United Kingdom and France are already demonstrating this value. The strategy to lift performance EU-wide is three-fold: firstly the Commission will lead by example, opening its vaults of information to the public for free through a new data portal. Secondly, a level playing field for open data across the EU will be established. Finally, these new measures are backed by the €100 million which will be granted in 2011-2013 to fund research into improved data-handling technologies. These actions position the EU as the global leader in the re-use of public sector information. They will boost the thriving industry that turns raw data into the material that hundreds of millions of ICT users depend on, for example smart phone apps, such as maps, real-time traffic and weather information, price comparison tools and more. Other leading beneficiaries will include journalists and academics."