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The economic potential of data analytics

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Jan Strycharz, Economic Analyst at Foundation Project: Poland, Digital Center is presenting the economic potential of data analytics. The expert report on this issue can be found here: http://project.futuretdm.eu/wp-content/uploads/2016/12/FutureTDM_D5.2-Trend-analysis-future-applications-and-economics-of-TDM.pdf

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The economic potential of data analytics

  1. 1. OpenDataMonitor Horizon 2020 Coordination and Support Action GARRI-3-2014 Scientific Information in the Digital Age: Text and Data Mining (TDM) Project number: 665940 TDM – Economic Opportunity FutureTDM Reducing Barriers and Increasing Uptake of Text and Data Mining for Research Environments using a Collaborative Knowledge and Open Information Approach Jan Strycharz 13th June 2017
  2. 2. TDM & Big Data 2FutureTDM
  3. 3. Value is KEY 3
  4. 4. The Meaning of Value 4
  5. 5. 5 Translating data… Under- standing Selecting Prepro- cessing Transfor- mation Choosing the method Exploring Discovering patterns Interpreting …into action TDM Process
  6. 6. Types of Data Analyzed #1 6
  7. 7. Types of Data #2 7
  8. 8. What for? 8
  9. 9. How Much - Market 9 Europe 2016 2021 Big Data 9.4 B USD 29.4 B USD TDM 2.5 B USD 10.3 B USD World 2016 2019 Big Data 26 B USD 48 B USD TDM 7 B USD 17 B USD
  10. 10. How Much – Economic Impact 10
  11. 11. 11
  12. 12. Value 12 1:5 1:11
  13. 13. How much – Economic Impact 13
  14. 14. Obstacles 14
  15. 15. Organizational Culture – Data Savvy 15
  16. 16. People challenge 16 EDUCATING – THANK YOU!

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