This document discusses the economic value of open data. It defines open data as content that people are free to use, reuse, and redistribute without legal or technological restrictions. Open data comes from public sources like government websites and social media, as well as proprietary corporate and personal data that requires authentication. Combining open, public, and closed data creates new opportunities to add value through features like notifications, analytics, and visualizations. While open data brings benefits, challenges remain around privacy laws, adoption rates, and linking data from different sources. Overall, open data from all sectors has significant potential to fuel innovation and economic growth when handled responsibly.
Economic Value of Open Data in a Data-Driven Economy
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. 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. 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. 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. Add value by features
Notifications
Mobile App
Real time
Visualisations
Analytics
Web Data Integration Historic Data & Trends
Enriched/Linked Data
Social Graph
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/
10. Business data
Add closed data: bank statement transactions to feed ‘enriched’ customer listings & risk analyzers
Customer opt-in
for integration & enrichment
11. Business data
Notify on changes & find similar prospects based on company age, location, size and industry
Notify on changes in
customer data
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. • 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. 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