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Economic Value of Open Data
Data-Driven Economy Track
Software is eating the world ?
Data is eating the world !
iMinds The...
Data Value Chain
Open data is any content or info that
people are free to use, re-use and
redistribute — without any legal...
Unlock value in data economy
2 data flow types:
Create value by mashing up data sets
Open Data + Public Data + Closed Data...
Move up the value chain
Reverse trend of declining prices with big (open) data
Move up the information ladder
by asking us...
Add value by features
Notifications
Mobile App
Real time
Visualisations
Analytics
Web Data Integration Historic Data & Tre...
Where do I find those Open Data sets?
Check your local data portal
Location URL
Europe https://open-data.europa.eu/
Belgium http://data.gov.be/
Flanders http://...
Business data
Open
Closed
Public
Low hanging fruit
Business data
Annual account summary
Graphics say more
than a thousand numbers
Business data
Add closed data: bank statement transactions to feed ‘enriched’ customer listings & risk analyzers
Customer ...
Business data
Notify on changes & find similar prospects based on company age, location, size and industry
Notify on chang...
Business data
Make your dashboards interactive
Add easy analytics
from donuts to maps
Climate change in Belgium?
1833-2014: Seasonal pattern form average monthly temperatures / © @maartenzam
Open
Closed
Public
Real Estate
Open
Closed
Public
Web + Mobile
Real Estate
websites
Knowledge from the crowd
Public
Leverage on feedback loop from users
Legal data
Open
Closed
Public
More low hanging fruit
Historic case law data creates positive societal impact
Semantic analytics can lower
the cost for painless “diy”-
divorces...
•  PSI compliance is overdue…
•  Privacy…legal conflicts
•  SaaS product/market fit
•  API: adoption takes time
•  Missing...
Economic Value of Open Data
Data-Driven Economy Track
Software is eating the world ?
Data is eating the world !
iMinds The...
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Economic Value of Open Data

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This presentation on the "Economic Value of Open Data" was delivered by Toon Vanagt as a 'Data Driven' keynote at the iMinds Conference in Brussels on 28/04/2016. More conference material can be found at http://www.iminds.be/en/events/20160428_iminds-the-conference ...

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Economic Value of Open Data

  1. 1. Economic Value of Open Data Data-Driven Economy Track Software is eating the world ? Data is eating the world ! iMinds The Conference 28/04/2016 Brussels Toon Vanagt - @Toon Chairman Open Knowledge Belgium (OKB) Co-founder data.be & lex.be
  2. 2. Data Value Chain Open data is any content or info that people are free to use, re-use and redistribute — without any legal, technological or social restriction (transport time tables, company info, weather data, real estate ledgers, case law publications..) Public Data Publically accessible data from websites, social networks (Facebook, Twitter, LinkedIn, Swarm/ Foursquare ), blogs (Drupal, WP), news feeds, product feeds (ecommerce) and more. Re-use is often not formalised and implicit… Closed Data Authentication/secured access is required to use proprietary corporate data (marketing campaigns, customers, suppliers, accounting, transactions, projects) personal data (residence, healthcare, genes, sexual orientation, religion, birth date) or device data (IoT, sensors)
  3. 3. Unlock value in data economy 2 data flow types: Create value by mashing up data sets Open Data + Public Data + Closed Data = holy data grail •  Static vs Dynamic •  Structured vs Unstructured
  4. 4. Move up the value chain Reverse trend of declining prices with big (open) data Move up the information ladder by asking users for input Combine, correlate and improve quality of data sets Bring new value from raw (open) data sets Visualise in new ways Mine deeper to dig out “insights” (not just basic statistics) Any company can now run its “own Google”
  5. 5. Add value by features Notifications Mobile App Real time Visualisations Analytics Web Data Integration Historic Data & Trends Enriched/Linked Data Social Graph
  6. 6. Where do I find those Open Data sets?
  7. 7. Check your local data portal Location URL Europe https://open-data.europa.eu/ Belgium http://data.gov.be/ Flanders http://opendata.vlaanderen.be/ Wallonia http://opendata.digitalwallonia.be/ Brussels http://opendatastore.brussels/
  8. 8. Business data Open Closed Public Low hanging fruit
  9. 9. Business data Annual account summary Graphics say more than a thousand numbers
  10. 10. Business data Add closed data: bank statement transactions to feed ‘enriched’ customer listings & risk analyzers Customer opt-in for integration & enrichment
  11. 11. Business data Notify on changes & find similar prospects based on company age, location, size and industry Notify on changes in customer data
  12. 12. Business data Make your dashboards interactive Add easy analytics from donuts to maps
  13. 13. Climate change in Belgium? 1833-2014: Seasonal pattern form average monthly temperatures / © @maartenzam Open Closed Public
  14. 14. Real Estate Open Closed Public Web + Mobile Real Estate websites
  15. 15. Knowledge from the crowd Public Leverage on feedback loop from users
  16. 16. Legal data Open Closed Public More low hanging fruit
  17. 17. Historic case law data creates positive societal impact Semantic analytics can lower the cost for painless “diy”- divorces h"p://rechtwijzer.nl/uitelkaar  
  18. 18. •  PSI compliance is overdue… •  Privacy…legal conflicts •  SaaS product/market fit •  API: adoption takes time •  Missing feedback loops to authentic data set owner •  From closed to public to open data •  Open data is not limited to governments… •  Think network with linked data Challenges Belgium’s Open Knowledge ranking advanced from #53 (2014) to #35 (2015)!
  19. 19. Economic Value of Open Data Data-Driven Economy Track Software is eating the world ? Data is eating the world ! iMinds The Conference 28/04/2016 Brussels Toon Vanagt - @Toon Chairman Open Knowledge Belgium (OKB) Co-founder data.be & lex.be

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