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EBI economic impact slideshare

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A short set of slides with extensive accompanying slides notes summarising the findings on the economic impact of the European Bioinformatics Institute . All CC-BY licensed.

The European Bioinformatics Institute (EMBL- EBI), located on the Wellcome Genome Campus in Hinxton, UK, manages public life-science data on a very large scale, making a rich resource of information freely available to the global life science community. EMBL-EBI is one of a handful of organisations in the world involved in global efforts to exchange information, set standards, develop new methods, and curate complex genome information.

We published a full report with the results of a quantitative and qualitative study of the Institute, examining the value and impact of its work. Our focus is the economic impact and can be seen as complementary to traditional academic measures, such as citation counts.

The quantitative economic approaches used included: estimates of access and use value, contingent valuation using stated preference techniques, an activity-costing approach to estimating the efficiency impacts of EMBL-EBI data and services, and a macro-economic approach that seeks to explore the impacts of EMBL-EBI use on returns to investment in research. These approaches allowed us to develop a picture, beginning with estimates of minimum direct values for the EMBL-EBI’s user community and moving progressively toward approaches that measure wider social and economic value.

The qualitative and quantitative analyses reveal that EMBL-EBI services are utilised widely and valued highly by their user community. They reflect the vital importance of molecular data (and related services) and the intensity of its use among life-science researchers. The report should be of interest to anyone interested in the value and impact of open data, data curation, and long-term research data management.

The full report is available online in printable format at http://www.beagrie.com/EBI-impact-report.pdf

It is the fourth report in a series of studies that have looked at the value of data sharing and curation across social sciences, archaeology, atmospheric science, and now bio-informatics and life sciences.

Published in: Health & Medicine
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EBI economic impact slideshare

  1. 1. The Value and Impact of The European Bioinformatics Institute: Economic Summary Slides Neil Beagrie and John Houghton February 2016
  2. 2. Investment & Use Value (Direct) Contingent Valuation (Stated) Efficiency Impacts (Estimated) Return on Investment (Estimated) Investment Value Amount spent on producing the good or service Use Value Amount spent obtaining and using the good or service Willingness to Accept Minimum amount user would be willing to accept to forego Willingness to Pay Maximum amount user would be willing to pay Efficiency Savings Estimated value of efficiency gains due to using the good or service Range of Time Savings (from time spent with data from EMBL-EBI to overall work time) Return on Investment in R&D using EMBL-EBI Data & Services Estimated return on investment in the research time spent using EMBL-EBI data and services of which That arising from the pure additional use facilitated by EMBL-EBI VALUE User Community IMPACT Wider Society Beagrie, N. & Houghton, J.W. (2016) The Value and Impact of the European Bioinformatics Institute (www.beagrie.com/EBI-impact-report.pdf).
  3. 3. Investment & Use Value (Direct) Contingent Valuation (Stated) Efficiency Impacts (Estimated) Return on Investment (Estimated) Investment Value (Operational cost) £47 million per annum Access Value £270 million per annum Use Value £2.3 billion per annum Willingness to Accept £125 000 per user per annum Willingness to Pay £322 million per annum Efficiency Savings Range of Time Savings (from time spent with data from EMBL-EBI to overall work time) £1 billion to £5 billion per annum Return on Investment in R&D using EMBL-EBI Data & Services £920 million annually up to £6.9 billion NPV over 30 years Of which £335 million annually up to £2.5 billion NPV over 30 years from additional use facilitated by EMBL-EBI IMPACT Wider Society VALUE User Community Beagrie, N. & Houghton, J.W. (2016) The Value and Impact of the European Bioinformatics Institute (www.beagrie.com/EBI-impact-report.pdf).
  4. 4. Further Information Full Report: http://www.beagrie.com/EBI-impact-report.pdf

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