How Open Data can help business
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Transcript of How Open Data can help business
“Just as oil was likened to black gold, data takes on a new importance and value in the digital age.”
-Commissioner Neelie Kroes
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What is Open Data? OKFN’s Open Definition :
“Open means anyone can freely access, use, modify, and share for any purpose (subject, at most, to requirements that preserve provenance and openness).”
http://opendefinition.org/
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Joel Gurin, Open Data Now http://theodi.org/lunchtime-lectures/friday-lunchtime-lecture-the-value-of-open-data-to-
business-the-open-data-500-study
Impact of Open Data • Political:
o government transparency
o government efficiency
Social:
o environmental sustainability
o social inclusion
Economic:
o economic growth
o entrepreneurial activity
Davies, T., Perini, F. & Alonso, J.M., 2013. Researching the Emerging Impacts of Open Data: ODDC Conceptual Framework
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Economic Value of Open Data Open Data, not simply big data, will be driver for growth, ingenuity
and innovation in the UK economy. (Deloitte Analytics, 2012).
$1.5 billion: US National Weather Service supporting a private weather industry per year. (CapGemini 2014)
€32 Billion: Estimated direct impact of Open Data in 2010 on the EU27, annual growth rate of 7%. (Vickery 2011)
€140 billion: Estimated aggregate direct and indirect impact across EU27 (Vickery 2011)
$3 trillion: Estimated annual economic potential across seven domains. (McKinsey 2013)
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2013 Revised PSI Directive • all accessible material in principle reusable must be
made available
• charges in principle are lowered to the marginal costs of dissemination
• rules on re-use of cultural material (material held by museums, libraries & archives that is free of third party copyright) are now included
• machine-readable and open formats are strongly encouraged
http://www.slideshare.net/EUDataForum/edf-2014-mnr-psi-at-the-ec
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Open Data Institute
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Suppliers
Aggregators
Developers
Enrichers
Enablers
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Deloitte Analytics. (2011). Open growth Stimulating demand for open data in the UK.
Common Open Data Business Models
Suppliers
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Danish Address Data
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Lind, M. (2014). Addresses and Address Data - Experiences from Denmark. In OpenStreetMap Conference, “State of the Map - France”,. Paris, France. Retrieved from http://www.slideshare.net/Mortlin/addresses-and-address-data-experiences-from-denmark
Aggregators
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Developers
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Enrichers
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http://www.fiercebigdata.com/story/semantic-search-nih-medline-database-reveals-new-discovery-cancer-treatment/2014-10-06?utm_medium=nl&utm_source=internal
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http://www.wolterskluwer.com/Pages/Home.aspx
Enablers
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http://www.tableausoftware.com/public/blog/2013/08/data-data-everywhere-2081
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http://www.tableausoftware.com/public/blog/2013/08/data-data-everywhere-2081
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http://www.tableausoftware.com/public/gallery/taleof100
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http://www.tableausoftware.com/public/gallery/home-financing
Business Models Freemium
Premium
Cost Saving
Indirect Benefit
Razor-Blade
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Zeleti, F. A., Ojo, A., & Curry, E. (2014). Emerging Business Models for the Open Data Industry : Characterization and Analysis. In 15th Annual International Conference on Digital Government Research (d.go 2014). Aguascalientes, Mexico.
Barriers for Business Privacy concerns, fear, and confusion
The cost/benefit conundrum
The data-for-development dilemma
Restrictions of licenses
Price of Map and Address data
Lack of supports in place for start-ups/SMEs
Poor data quality
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(from Open Data Ireland Research)
Joel Gurin, Open Data Now http://theodi.org/lunchtime-lectures/friday-lunchtime-lecture-the-value-of-open-data-to-
business-the-open-data-500-study
Open Data Ecosystem Elements
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Lee, D., Cyganiak, R., & Decker, S. (2014). Open Data Ireland: Best Practice Handbook. Insight Centre for Data Analytics, NUI Galway. Retrieved from http://insight-centre.org/content/open-data-ireland-best-practice-handbook
Dataset Selection
High-value information is information that can be:
used to increase agency accountability and responsiveness;
improve public knowledge of the agency and its operations;
further the core mission of the agency;
create economic opportunity; or
respond to need and demand as identified through public
consultation
(U.S. Office of Management and Budget, 2009)
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Key Datasets
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G8 Open Data Charter Category
Companies
Crime and Justice
Earth Observation
Education
Energy and Environment
Finance and contracts
Geospatial
Global Development
Government Accountability and Democracy
Health
Science and Research
Social Mobility and Welfare
Statistics
Transport and Infrastructure
Data on the Web Best Practices
Working Group
Best Practices
Data Quality
Data Usage
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https://www.w3.org/2013/dwbp/
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http://data.opendataportal.at/dataset
Publication of Business Open Data
