economic value of open data
TRANSCRIPT
Economic Value of Open Data Data-Driven Economy Track
Software is eating the world ? Data is eating the world ! iMinds The Conference 28/04/2016 Brussels
Toon Vanagt - @Toon Chairman Open Knowledge Belgium (OKB)
Co-founder data.be & lex.be
Data Value Chain
Open data is any content or info that people are free to use, re-use and redistribute — without any legal, technological or social restriction
(transport time tables, company info, weather data, real estate ledgers, case
law publications..)
Public Data
Publically accessible data from websites, social networks (Facebook,
Twitter, LinkedIn, Swarm/Foursquare ), blogs (Drupal, WP),
news feeds, product feeds (ecommerce) and more. Re-use is
often not formalised and implicit…
Closed Data
Authentication/secured access is required to use proprietary corporate
data (marketing campaigns, customers, suppliers, accounting,
transactions, projects) personal data (residence, healthcare, genes, sexual
orientation, religion, birth date) or device data (IoT, sensors)
Unlock value in data economy
2 data flow types:
Create value by mashing up data sets
Open Data + Public Data + Closed Data = holy data grail
• Static vs Dynamic • Structured vs Unstructured
Move up the value chain Reverse trend of declining prices with big (open) data
Move up the information ladder by asking users for input
Combine, correlate and improve quality of data sets
Bring new value from raw (open) data sets
Visualise in new ways
Mine deeper to dig out “insights” (not just basic statistics)
Any company can now run its “own Google”
Add value by features
Notifications Mobile App
Real time
Visualisations
Analytics
Web Data Integration Historic Data & Trends
Enriched/Linked Data
Social Graph
Where do I find those Open Data sets?
Check your local data portal
Location URL Europe https://open-data.europa.eu/
Belgium http://data.gov.be/ Flanders http://opendata.vlaanderen.be/ Wallonia http://opendata.digitalwallonia.be/ Brussels http://opendatastore.brussels/
Business data
Open
Closed
Public
Low hanging fruit
Business data Annual account summary
Graphics say more than a thousand numbers
Business data Add closed data: bank statement transactions to feed ‘enriched’ customer listings & risk analyzers
Customer opt-in for integration & enrichment
Business data Notify on changes & find similar prospects based on company age, location, size and industry
Notify on changes in customer data
Business data Make your dashboards interactive
Add easy analytics from donuts to maps
Climate change in Belgium? 1833-2014: Seasonal pattern form average monthly temperatures / © @maartenzam
Open
Closed
Public
Real Estate
Open
Closed
Public
Web + Mobile
Real Estate websites
Knowledge from the crowd
Public
Leverage on feedback loop from users
Legal data
Open
Closed
Public
More low hanging fruit
Historic case law data creates positive societal impact
Semantic analytics can lower the cost for painless “diy”-
divorces h"p://rechtwijzer.nl/uitelkaar
• PSI compliance is overdue… • Privacy…legal conflicts • SaaS product/market fit • API: adoption takes time • Missing feedback loops to authentic data
set owner • From closed to public to open data • Open data is not limited to governments… • Think network with linked data
Challenges
Belgium’s Open Knowledge ranking advanced from #53 (2014) to #35 (2015)!
Economic Value of Open Data Data-Driven Economy Track
Software is eating the world ? Data is eating the world ! iMinds The Conference 28/04/2016 Brussels
Toon Vanagt - @Toon Chairman Open Knowledge Belgium (OKB)
Co-founder data.be & lex.be