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Addressing economic externalities

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Author: Guillermo Vega-Gorgojo
Presented at: Workshop on Exploring the Positive and Negative Impacts of Big Data Across Sectors

Published in: Technology
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Addressing economic externalities

  1. 1. BYTE:&& ! ! ! ! ! ! ! ! ! ! Addressing&economic&externali7es Guillermo&Vega;Gorgojo&–&University&of&Oslo Big data roadmap and cross-disciplinary community for addressing societal externalities
  2. 2. Addressing&economic& externali7es
  3. 3. @BYTE_EU www.byte-project.eu Addressing&the&economic&externali7es ◦  Set!of!best!prac.ces!extracted!from!the!BYTE!case!studies! and!other!big!data!ini.a.ves! ◦  Main!stakeholders!affected! ◦  Public!agencies! ◦  Research!ins.tu.ons! ◦  Large!corpora.ons! ◦  SMEs!! ◦  Disclaimer:!more!specific!ac.ons!should!be!applied!for! specific!cases! ◦  The!economic!toolbox!for!governments! ◦  Direct!regula.on!in!form!of!prohibi.on!or!a!threshold!level! ◦  Pigouvian!tax,!fees! ◦  Incen.ves!to!enhance!posi.ve!ac.ons! ◦  Subsidies!
  4. 4. @BYTE_EU www.byte-project.eu Public&investments&in&infrastructures ◦  Externali.es!to!amplify!or!diminish! ◦  Accelerate!scien.fic!progress! ◦  Gather!public!insight! ◦  Need!of!skills!and!resources! ◦  Who! ◦  Public!agencies! ◦  Ra.onale! ◦  Bootstrap!adop.on!of!big!data!when!substan.al!investments!are! needed! ◦  Examples! ◦  Environment!case!study:!public!investments!in!the!aerospace!sector! ◦  CERN’s!LHC!compu.ng!grid:!distributed!storage!and!analysis!
  5. 5. @BYTE_EU www.byte-project.eu Funding&programmes&in&big&data ◦  Externali.es!to!amplify!or!diminish! ◦  BeQer!and!more!targeted!services! ◦  Need!of!skills!and!resources! ◦  Compe..ve!disadvantage!of!newer!businesses!and!SMEs! ◦  Who! ◦  Public!agencies! ◦  Ra.onale! ◦  Bootstrap!adop.on!of!big!data!with!demonstrators!and!inspiring! projects! ◦  Reduce!compe..ve!disadvantage!of!startSups!and!SMEs! ◦  Examples! ◦  Culture!case!study:!improving!visibility!of!heritage!collec.ons! ◦  Big!data!innova.on!programmes:!Global!Pulse,!the!Australian!Public! Service!Big!Data!Strategy,!the!US!Big!Data!Research…!
  6. 6. @BYTE_EU www.byte-project.eu Releasing&open&government&data ◦  Externali.es!to!amplify!or!diminish! ◦  New!products!and!services!based!on!open!data! ◦  Cost!effec.veness!of!services! ◦  Not!clear!dataSbased!business!models! ◦  Who! ◦  Public!agencies! ◦  Ra.onale! ◦  Governments!have!been!gathering!massive!amounts!of!data,!but!they! have!oVen!been!largely!ineffec.ve!at!using!data! ◦  Encourage!the!private!sector!and!society!to!extract!value! ◦  Examples! ◦  Oil&gas!and!culture!case!studies! ◦  Myriads!of!open!government!data!ini.a.ves,!e.g.!UK!Data!Service!
  7. 7. @BYTE_EU www.byte-project.eu Persuade&big&actors&to&release&some&of&their&data ◦  Externali.es!to!amplify!or!diminish! ◦  Compe..ve!disadvantages!of!newer!businesses!and!SMEs! ◦  Open!data!puts!the!private!sector!at!a!compe..ve!advantage! ◦  Digital!divide! ◦  Reluctance!of!large!corpora.ons!to!open!their!data! ◦  Who! ◦  Public!agencies,!large!corpora.ons! ◦  Ra.onale! ◦  Large!corpora.ons!amassing!huge!amounts!of!data! ◦  Data!philanthropy:!dona.on!of!data!for!the!good!of!society! ◦  Corpora.ons!can!get!advantage!from!opening!up!their!data! ◦  Examples! ◦  Global!Pulse!(United!Na.ons)!is!encouraging!this!type!of!ac.ons!with! large!corpora.ons!such!as!telecom!operators!
  8. 8. @BYTE_EU www.byte-project.eu Promote&big&data&in&educa7on ◦  Externali.es!to!amplify!or!diminish! ◦  DataSbased!jobs!needed! ◦  Need!of!skills!and!resources! ◦  Who! ◦  Public!agencies! ◦  Ra.onale! ◦  Current!scarcity!of!data!scien.sts!and!data!analysts! ◦  Not!only!formal!learning,!also!lifelong!learning! ◦  Examples! ◦  Ac.on!items!in!the!US!agenda!for!big!data,!the!Industry!4.0!working! group!and!the!Australian!public!service!big!data!strategy!! ◦  Universi.es!offering!programmes,!courses!and!MOOCs!on!big!data,! e.g.!Carnegie!Mellon’s!programme!in!data!science!
  9. 9. @BYTE_EU www.byte-project.eu Seek&opportuni7es&in&new&business&models ◦  Externali.es!to!amplify!or!diminish! ◦  Innova.ve!business!models!based!on!big!data! ◦  Not!clear!dataSbased!business!models! ◦  Who! ◦  Large!corpora.ons,!SMEs! ◦  Ra.onale! ◦  Opportuni.es!in!the!datafica.on!of!everything.!Exploit!the!par.cular! characteris.cs!of!data:!reusable,!combinable,!extensible…! ◦  Poten.al!business!models:!data!genera.on,!data!aggrega.on,!data! analy.cs! ◦  Examples! ◦  Healthcare:!lab!specialized!in!DNA!sequencing! ◦  Oil&gas:!seismic!surveys!companies,!well!monitoring! ◦  Technology!providers!such!as!Teradata!
  10. 10. @BYTE_EU www.byte-project.eu Looking&for&interes7ng&data&sources ◦  Externali.es!to!amplify!or!diminish! ◦  Innova.on!through!open!data!! ◦  New!dataSbased!products!and!services!! ◦  Gather!public!insight! ◦  Who! ◦  Research!ins.tu.ons,!SMEs,!large!corpora.ons! ◦  Ra.onale! ◦  Exploi.ng!the!reusable!and!combinable!aspects!of!data! ◦  Many!available!(and!open)!datasets,!e.g.!Datahub! ◦  Examples! ◦  Crisis!informa.cs:!TwiQer!data!for!providing!faster!relief! ◦  Environment:!mul.ple!applica.ons!of!earth!observa.ons!data! ◦  Data!hackathons!
  11. 11. @BYTE_EU www.byte-project.eu Create&partnerships&around&data ◦  Externali.es!to!amplify!or!diminish! ◦  BeQer!and!more!targeted!dataSbased!services! ◦  Innova.on!through!open!data! ◦  Gather!public!insight!and!generate!knowledge! ◦  Compe..ve!disadvantages!of!newer!businesses!and!SMEs! ◦  Who! ◦  SMEs,!large!corpora.ons,!research!ins.tu.ons,!public!agencies! ◦  Ra.onale! ◦  Exploita.on!of!synergies:!data!sources,!tools,!skills! ◦  Recommended!by!the!US!Big!Data!Research!and!the!Industry!4.0! working!group! ◦  Examples! ◦  Oil!&!gas:!condi.onSbased!maintenance! ◦  Mul.disciplinary!associa.ons!like!BYTE!or!BDVA!
  12. 12. @BYTE_EU www.byte-project.eu Summary&of&best&prac7ces ! ! Best!prac*ces! SMEs! Large! corpora*ons! Research! ins*tu*ons! Public!agencies! Public!investments!in!infrastructures! X! Funding!programmes!for!big!data! X! Public!investments!in!open!government!data! X! Persuade!“big!actors”!to!release!some!of!their!data! X! X! Promote!big!data!in!educa.on!policies! X! Look!for!interes.ng!data!sources! X! X! X! Seek!opportuni.es!in!new!business!models! X! X! Create!partnerships!around!data! X! X! X! X!

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