Joe$Greenwood,"Program"Director""
annual$value$of$global$GPS$industry1$
poten9al$savings$to$US$healthcare$from$use$of$data2$
value$of$US$weather$data$indust...
!  Products$and$services$based$on$
data$
!  Complimentary$services$e.g.$$
soDware$
!  Lowered$cost$to$find$and$use$data$
! ...
!  Itemized$spending$$
!  Itemized$tax$receipts$
!  Itemized$grants$and$funding$awards$
!  New$data$service$companies$e.g....
!  Business$registries$
!  Directors$and$shareholders$
!  Firm$crea9on$and$growth$rates$
!  Job$crea9on$and$redundancies$$...
!  Road,$transit$and$pedestrian$networks$
!  Transit$schedules,$in$real$9me$
!  Real$9me$traffic$flows$
!  Boarder$crossing$9...
!  Basic$directory$of$health$
providers$
!  Prescrip9ons$
!  Costs$of$care$providers$
!  Public$health$and$disease$
preval...
In$the$US$VCs$have$plowed$$400$
million$into$healthcare$
transparency$startups$since$2010.6$$
!  Post$codes$and$addressing$
!  Administra9ve$boundaries$
!  Place$names$
!  Background$mapping$$
!  Look$up$tables$and$
...
“The$9mely$release$of$data$in$a$standardized$and$
machine@readable$format$called$“smart$disclosure,”$
seeks$to$empower$con...
2.7$million$homes$and$
business$with$access$to$
data$
20$Canadian$organiza9ons$building$solu9ons$$
“Don’t$wait$for$this$[to$become$law].$You$can$give$your$data$away$now,$and$
generate$revenue$and$jobs,$and$even$save$money...
1.  hXp://www.whitehouse.gov/blog/2012/07/12/open@data@clean@secure@energy@future$
2.  hXp://www.mckinsey.com/insights/hea...
Joe$Greenwood$
Program"Director"
jgreenwood@marsdd.com""
416@673@8475"
"
"
$
Can you build a company around open data?
Can you build a company around open data?
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Can you build a company around open data?

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As part of the lead-up to International Right To Know Day, the Information and Privacy Commissioner of Ontario held a special panel event to discuss the social and economic value of open data.

MaRS Data Catalyst had a chance to speak at the event, and used the opportunity to highlight the real economic and market imperative for open data. Our argument was simple: the decision to share information with entrepreneurs and innovators isn’t one of hearts and minds, but one based on economics. Open data will help Ontario grow and create new companies and jobs.

http://data.marsdd.com/right-to-know-week/

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Can you build a company around open data?

  1. 1. Joe$Greenwood,"Program"Director""
  2. 2. annual$value$of$global$GPS$industry1$ poten9al$savings$to$US$healthcare$from$use$of$data2$ value$of$US$weather$data$industry3$ value$of$global$geo@services$industry4$
  3. 3. !  Products$and$services$based$on$ data$ !  Complimentary$services$e.g.$$ soDware$ !  Lowered$cost$to$find$and$use$data$ !  Costs$savings$to$government$ !  Produc9vity$and$efficiency$from$ using$data$driven$products$and$ services$e.g.$transit$apps$ !  Welfare$gains$from$new$services$ and$lowered$costs$.$ !  Alterna9ve$government$service$ delivery$$ annual$direct$and$indirect$economic$value$of$ Public$Sector$Informa9on$re@use$to$the$EU5$$ annual$direct$economic$value$of$Public$ Sector$Informa9on$re@use$to$the$EU5$$
  4. 4. !  Itemized$spending$$ !  Itemized$tax$receipts$ !  Itemized$grants$and$funding$awards$ !  New$data$service$companies$e.g.$ Open$North,$mining$US$401$tax$ returns$ !  Genera9ng$government$sales$ leads$ !  Transparency$drives$government$ savings$and$efficiencies$ !  Increased$compe99veness$of$ procurement$processes$$ !  Iden9fica9on$of$tax$avoidance$ and$fraud$$
  5. 5. !  Business$registries$ !  Directors$and$shareholders$ !  Firm$crea9on$and$growth$rates$ !  Job$crea9on$and$redundancies$$ !  Consumer$complaints$ !  Labour$force$and$demographic$ data$$ !  New$data$service$ companies$e.g.$DueDil,$ Outside$IQ$ !  AXrac9on$of$capital$to$grow$ companies$and$clusters$$ !  Detec9on$of$government,$ banking$and$insurance$risks$ and$fraud$$ !  Improved$delivery$of$ economic$development$at$ all$levels$of$government$$
  6. 6. !  Road,$transit$and$pedestrian$networks$ !  Transit$schedules,$in$real$9me$ !  Real$9me$traffic$flows$ !  Boarder$crossing$9mes$$ !  Ridership$counts$$ !  Geospa9al$and$consumer$services$ revenue$$ !  Produc9vity$@$keeps$people$and$ goods$moving$$ !  Smarter$transit$investments$$
  7. 7. !  Basic$directory$of$health$ providers$ !  Prescrip9ons$ !  Costs$of$care$providers$ !  Public$health$and$disease$ prevalence$ !  Innova9ve$new$health$IT$companies$ !  Reduced$health$systems$costs$from$transparency$$ !  Reduced$health$systems$costs$from$lower$admissions$and$more$ self$care$at$home$$
  8. 8. In$the$US$VCs$have$plowed$$400$ million$into$healthcare$ transparency$startups$since$2010.6$$
  9. 9. !  Post$codes$and$addressing$ !  Administra9ve$boundaries$ !  Place$names$ !  Background$mapping$$ !  Look$up$tables$and$ reference$data$ !  APIs$ Making$OS$Open$ DataTM$free$at$point$of$ use$will$create$a$ projected$£13.0$million$ @$£28.5$million$increase$ in$Great$Britain$GDP$by$ 2016.7$ !  Growth$in$geospa9al$and$ consumer$services$revenue$$ !  Lower$costs$of$ubiquitous$ applica9ons$$
  10. 10. “The$9mely$release$of$data$in$a$standardized$and$ machine@readable$format$called$“smart$disclosure,”$ seeks$to$empower$consumers$to$make$informed$ decisions,$and$provide$tools$to$innovators.$Smart$ disclosure$can$enable$privacy$by$placing$the$choice$to$ access$and$use$data$securely$in$the$consumer’s$ personal$control”$ $ “Open$Data,$Big$Data,$Yes$…$Personal$Data,$No!$By$ employing$Privacy$by$Design,$smart$disclosure$ ini9a9ves$can$ensure$that$the$consumer’s$personal$ informa9on$is$not$disclosed$to$third$par9es,$without$ their$express$consent.”$ $ Informa1on"and"Privacy"Commissioner"of"Ontario," Ann"Cavoukian,"Ph.D"
  11. 11. 2.7$million$homes$and$ business$with$access$to$ data$ 20$Canadian$organiza9ons$building$solu9ons$$
  12. 12. “Don’t$wait$for$this$[to$become$law].$You$can$give$your$data$away$now,$and$ generate$revenue$and$jobs,$and$even$save$money$from$the$beXer$ informa9on$and$decisions$that$will$flow.”$ $ EU"Commission"Vice@President"Neelie"Kroes" 12"December"2011" +
  13. 13. 1.  hXp://www.whitehouse.gov/blog/2012/07/12/open@data@clean@secure@energy@future$ 2.  hXp://www.mckinsey.com/insights/health_systems_and_services/the_big@ data_revolu9on_in_us_health_care$ 3.  hXp://www.slate.com/ar9cles/technology/future_tense/2012/09/ brightscope_castlight_new_businesses_built_on_open_government_data_.html$ 4.  $hXp://www.oxera.com/Oxera/media/Oxera/downloads/reports/What@is@the@economic@ impact@of@Geo@services_1.pdf$$ 5.  hXp://ec.europa.eu/informa9on_society/policy/psi/mepsir/index_en.htm$ 6.  hXp://www.cbinsights.com/blog/trends/healthcare@cost@transparency$ 7.  hXps://www.gov.uk/government/uploads/system/uploads/aXachment_data/file/ 207692/bis@13@950@assessing@value@of@opendata@to@economy@of@great@britain.pdf$
  14. 14. Joe$Greenwood$ Program"Director" jgreenwood@marsdd.com"" 416@673@8475" " " $

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