UK businesses are extremely keen to get their hands on public sector and government data online but have no plans to widely share their own information, a new survey has revealed.

 A survey of 1,000 organisations across the country by data integration company Informatica found that 68 percent had no plans to share data, despite 83 percent believing that the private sector should have easier access to a range of public sector data.

The attraction of public sector data ranged from a belief that it would offer greater insight into local markets (48 percent), information on public sector spending (41 percent), with over three quarters convinced it would help with investment planning.

Reluctance to reciprocate covered obvious concerns over corporate privacy (43 percent), with worries over intellectual property not far behind (32 percent). Twenty-nine percent had some anxiety that shared data might be 'mismanaged'.

“These results reveal a serious disconnect in attitudes of the business and public sector communities when it comes to sharing data online,” said Informatica senior vice president, John Poulter. “But with many multinationals and governing bodies pledging open data initiatives, data transparency looks set to become the status quo,”

“Whilst the value of increased access to data is clear, it’s understandable that businesses worry about what competitors would be able to do if they opened up the windows to their world. Standards must be set and practices put in place to enable companies to use their data to enrich the business community.

A minority of users appear to be happy with current public sector data access but worry more about the volume of data being overwhelming, untrustworthy, or of low value. The coming public sector data glut could require better data mining and management tools and that in itself could be the real benefit. A new sector of companies will be needed to create these tools.