open data - changing uk business
TRANSCRIPT
Data is the new raw material of the digital age
Richard Stirling – International Director
@Rchards 28 October 2015
Unlock $trillions & impact millions Connect dozens of countries, thousands of companies, millions of people
Web of documents
Web of data
Machine-readable data, sensors, and the internet of everything
The standards, tools and techniques to enable the web of data at-scale
Global challenge feed > 9,000,000,000 people in 2050
… Jobs … Transport … Waste … Water … … Education … Energy … Shelter …
… Food … Health … Economy …
Open data is data that anyone can access, use or share
Substantial opportunity Date Study Scope Total (%GDP)
2011 EU Commission
Europe (public sector
data only)
1.5
2013 McKinsey Global 4.1
2014 Lateral Economics
G8 countries 1.1
The UK perspective: Open data and business
270+ UK companies use, produce or invest in open data, with an annual turnover of over $138bn 350+ ODI member network The economic benefits of public sector open data to the UK are conservatively estimated to be $10bn a year
Source: Shakespeare review, 2013
Open data helps businesses.. ❏ Innovate ❏ Make better decisions ❏ Cut costs
Creating an environment for innovation
Photo source: Flickr - www.CGPGrey.com (CC BY-SA 2.0)
The value of the Transport for London open data is estimated at $23m-$88m in 2012 alone
Applications to the Shanghai metro KPMG Big Data Observatory at Imperial University, London - 3 Nov 2015
Shanghai
Linked sensors + Automate car parks + Improve air quality + Water pipe
management Opensensors.io+ 10m posts/second+ Real-time 3,000 users+ Arup, City of Bristol + Oxford flood network
Internet of Things (IoT) for smarter cities
Making better decisions
Photo source: Flickr - Dominic soundslogical (CC BY-SA 2.0)
Winemaking is an £82m industry which has doubled in size in the last five years
Better predictions, new market growth Potential additional 75,000 acres of land for conversion Source: Defra, 26 Oct 2015
Source: CC BY 2.0, uploaded by DncnH.
Local market conditions are very different in different parts of the UK
More customer context, better decisions
Statistics on where people work and where they live help to improve decisions on retail location
Cutting costs
Photo source: Flickr - S.Rae (CC BY-SA 2.0)
Groundwater flooding is a major cause of floods in UK
Cheaper, faster flood modelling “One particular environmental model that used to take three years to complete now takes around three months.” Mark Fermor, Chairman of ESI
4 challenges for UK businesses using government open data 1. Unclear licences 2. Lack of machine readability 3. Quality assurance 4. Skills deficit within company
UK businesses are starting to publish their own data
Building the data infrastructure
http://www.geolytix.co.uk/geodata/open-supermarkets
ODI impact on the UK business
The ODI has unlocked $63m of value in its first 3 years ➔ 200 jobs created via 30
startups, generating $9.1m in revenue
Source: ODI, 2015
Value unlocked
$63M
People reached
1.5M
Sales
$9.1M
Global network
360
Open Data Certificates
151K
People trained
2.8K
