Transparency

Open Data: Choking India’s Innovation Pipe

If data is the new oil, India is choking its economy by restricting it even more even as countries around the world open up their taps

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Know Your Defaulter, or KYD, launched in mid-2016. The startup’s software spiders crawled through dozens and hundreds of data sources each day – court cases, company filings, credit ratings and defaulter lists put out by banks and financial institutions. It allowed anyone to instantly conduct an online due diligence on a company before entering into any sort of agreement with it. In less than a year, KYD had saved tens, possibly hundreds of millions of dollars for its users by helping them spot companies that were unscrupulous.

Best Trip, a trip planning app that showed…

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