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.
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
Open data and content can be freely used, modified, and shared by anyone for any purpose
Governments around the world could unlock immense economic value merely by enabling open data
Early signs indicated that the Government of India was interested in furthering open data and transparency. But, the last few years have been a big let-down
Hidden behind CAPTCHAs and outdated systems, it has now become more difficult than ever to access open data