1) Open data refers to data that is freely available for anyone to access, use and share. The economic benefits of public sector open data in the UK are estimated to be $10 billion per year. 2) Businesses can use open data to innovate, make better decisions and cut costs. For example, open transport data from Transport for London is estimated to be worth $23-88 million per year in applications. 3) However, there are still challenges for UK businesses using government open data, such as unclear licenses, lack of machine readability, quality assurance issues, and skills deficits within companies. Overcoming these challenges could unlock even more economic value from open data.

1. Andrea Cox
Membership Manager
andrea.cox@theodi.org
Open data: changing UK
business

2. Data is the new raw
material of the
digital age

3. Richard Stirling – International Director
@Rchards
28 October 2015
Unlock $trillions & impact millions
Connect dozens of countries, thousands of
companies, millions of people
Web of
documents
Web of
data
Machine-readable data, sensors, and the internet of
everything
The standards, tools and techniques to enable the web of data at-
scale

4. Global challenge
feed > 9,000,000,000 people in 2050
… Jobs … Transport … Waste … Water …
… Education … Energy … Shelter …
… Food … Health … Economy …

5. Open data is data
that anyone can
access, use or share

7. Substantial opportunity
Date
Study
Scope
Total (%GDP)
2011
EU
Commission
Europe
(public sector
data only)
1.5
2013
McKinsey
Global
4.1
2014
Lateral
Economics
G8 countries
1.1

8. The UK perspective:
Open data and business

10. 270+ UK companies use, produce or
invest in open data, with an annual
turnover of over $138bn
350+ ODI member network
The economic benefits of public sector
open data to the UK are conservatively
estimated to be $10bn a year
Source: Shakespeare review, 2013

11. Open data helps businesses..
❏ Innovate
❏ Make better decisions
❏ Cut costs

12. Creating an environment
for innovation

13. Photo source: Flickr - www.CGPGrey.com (CC BY-SA 2.0)

14. The value of the Transport for London
open data is estimated at $23m-$88m
in 2012 alone

15. Applications to the Shanghai metro
KPMG Big Data Observatory at Imperial University,
London - 3 Nov 2015

16. Shanghai

17. Linked sensors
+ Automate car parks
+ Improve air quality
+ Water pipe
management
Opensensors.io
+
10m posts/second
+
Real-time
3,000 users
+
Arup, City of
Bristol
+
Oxford flood
Internet of Things (IoT) for smarter cities

18. Making better decisions

19. Photo source: Flickr - Dominic soundslogical (CC BY-SA 2.0)
Winemaking is an £82m industry which has
doubled in size in the last five years

21. Better predictions, new market growth
Potential
additional 75,000
acres of land for
conversion
Source: Defra, 26 Oct 2015

22. Source: CC BY 2.0, uploaded by DncnH.
Local market conditions are very different in
different parts of the UK

23. More customer context, better decisions
Statistics on where
people work and
where they live help
to improve
decisions on retail
location

24. Cutting costs

25. Photo source: Flickr - S.Rae (CC BY-SA 2.0)
Groundwater flooding is a major cause
of floods in UK

26. Cheaper, faster flood modelling
“One particular
environmental model
that used to take
three years to
complete now takes
around three
months.”
Mark Fermor,
Chairman of ESI

27. 4 challenges for UK businesses using
government open data
1. Unclear licences
2. Lack of machine readability
3. Quality assurance
4. Skills deficit within company

28. UK businesses are starting to
publish their own data

29. Building the data infrastructure
http://www.geolytix.co.uk/geodata/open-
supermarkets

30. ODI impact on the UK
business
The ODI has unlocked $63m of
value in its first 3 years
➔ 200 jobs created via 30
startups, generating $9.1m in
revenue
Source: ODI, 2015
Value unlocked
$63M
People reached
1.5M
Sales
$9.1M
Global network
360
Open Data
Certificates
151K
People trained
2.8K

31. Andrea Cox
Membership Manager
andrea.cox@theodi.org
Open data: changing UK
business