INVESTMENT CASE - Multiplying progress through data ecosystems - DATA WITH PURPOSE

In the 1 health sector, for example, data and data ecosystems can increase Social life expectancy and the equity of health outcomes by shedding light Benefits on individuals’ varied needs and the efficiency and effectiveness of prevention and response efforts. [...] The returns of coordinated investments in data ecosystems are likely to be far higher, for three reasons: 1 Investments in the foundational pillars and enablers of data ecosystems can help improve the quality, coverage, safety, and usability of all data created within the system – For example, investments in the creation of effective economic policies (e.g., safeguards for innovation), governance. [...] Adequate foundations and enablers are essential to sustainably and consistently creating high-quality, high-coverage data that is safe and easy to use.43 Without these foundations, the whole factory (i.e., the data ecosystem) and its outputs can become unproductive (e.g., due to slow and expensive data infrastructure) and potentially even dangerous (e.g., due to a lack of data governance to protec. [...] To maximize the impact and catalytic potential of this pledge, we further call on the donor community to: Direct the percentage pledge first and foremost through CRAF’d and GDF Increase the transparency of funding for data and data ecosystems 2 We call on lower-income (IDA-eligible) country governments to allocate 0.5%, and middle-income (IBRD-only eligible) countries 0.1%, of their annual spendin. [...] This research agenda should include key topics such as increasing our communal understanding of the scale and implications of data’s indirect benefits; analyzing the political economy of country investments in data and data systems; and building on the work in this report to develop robust analyses of the diverse returns on investments in data ecosystems.