This year, 2023, has been designated as a "Year of Open Science”, a multi-agency initiative across the federal government and academic institutions, and other organizations. While this initiative has been featured broadly in other AMS events over the past year, this session will examine the intersection of open science and the weather, water, and climate enterprise and specifically how the private sector can benefit from such efforts but also the potential pitfalls for commercial data and software companies. The panelists in this session will discuss how academia, government and industry could all benefit from open science, while recognizing the potential challenges that still need to be navigated across the sectors moving forward.