From the webpage:
There is a vast amount of data available today and data is now being collected and stored at a rate never seen before. Much, if not most, of this data however is locked into specific applications or formats and difficult to access or to integrate into new uses.
The Open Data Protocol (OData) is a Web protocol for querying and updating data that provides a way to unlock your data and free it from silos that exist in applications today. OData does this by applying and building upon Web technologies such as HTTP, Atom Publishing Protocol (AtomPub) and JSON to provide access to information from a variety of applications, services, and stores. The protocol emerged from experiences implementing AtomPub clients and servers in a variety of products over the past several years. OData is being used to expose and access information from a variety of sources including, but not limited to, relational databases, file systems, content management systems and traditional Web sites.
OData is consistent with the way the Web works – it makes a deep commitment to URIs for resource identification and commits to an HTTP-based, uniform interface for interacting with those resources (just like the Web). This commitment to core Web principles allows OData to enable a new level of data integration and interoperability across a broad range of clients, servers, services, and tools.
I have mentioned this resource before but it was buried in a post and not a separate post.
The amount of documentation has grown and much improved since then.
Enjoy!