open data open innovation

SERDAR TEMIZ www.serdartemiz.com www.opensweden.net

Open Data Innovation

Silicon Valley’s Orthodox Approach

Problem Gold Corp

Call: Goldcorp Challenge

Call: CEO Rob McEwenDecided to run a contest Input: Provide access to the geological data of the company's Moribund Red Lake Mine in Northern Ontario Request: Solvers to have a crack at finding its richest gold deposits

Result

1) 110 sites identified by the solvers, of which 50% were new, 80% of which produced gold.2) 8 million ounces of gold found.3) Company value up from $100 million to $9 billion. (Pre contest and post contest)

Is Open Innovation something new?

• collective invention • crowdsourcing• community-based competition • user-developed innovation • open source And more..

Open Data Terminology

Is information on PDF is Open

Data?

NO

Open Data can be defined as “data” that is or should be available for free to everyone and organization to use, republish, analyses as they want without copyright, patents type of restrictions.

Open Data Ecosystem

How Innovation theories, methodologies change when we have so much data Open?

Thank you