BVEx Research: Open Data Unlocked
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Worldwide adoption of open data is gaining momentum, particularly for public sector and government data. In 2013, all G7 countries signed the Open Data Charter agreeing that government data should be open by default, and many G20 countries are now introducing similar practices. Tesco used open weather data to improve operational efficiency by predicting demand increases of 300% for barbecues during 18 degree rises in temperature. A Colombian research center used open and private data to create a decision tool that helped rice farmers avoid $3.6 million in losses during a drought.
BVEx Research: Open Data Unlocked
- 1. GLOBAL OPEN DATA FRANCE US UK CANADA GERMANY JAPAN ITALY UK US FRANCE CANADA AUSTRALIA GERMANY KOREA JAPAN BRAZIL ITALY MEXICO RUSSIA INDONESIA ARGENTINA INDIA TURKEY SOUTH AFRICA CHINA SAUDI ARABIA Worldwide adoption of open data is gaining momentum, particularly where public sector and government data is concerned. In 2013, all of the G7 countries signed the Open Data Charter, agreeing that all government data should be open by default. Many G20 countries are now also introducing similar open data practices. Bold icons indicate that open data is available for the given category G7 OPEN DATA CHARTER Bold icons mean that open data is available for the given category: G20 OPEN DATA CHARTER Tesco used open weather data from government and a third-party supplier to improve operational efficiency across thousands of stores by predicting demand for product. Weather- based predictive analytics helped Tesco calculate that every 18- degree F rise in temperature corresponds to a 300% rise in barbeque sales. Source: http://www.statesman.com/news/news/localgovtpolitics/remarksfromobam asspeechatappliedmaterials/nXm24/ TESCO Colombian research centre, CIAT used a mixture of open and private data to analyse decreasing crop yields to create a decision-making tool to help rice growers in drought conditions. Actions informed by this data helped farmers avoid extreme damage from the drought saving an estimated $3.6m of potential economic losses. Source: http://www.unglobalpulse.org/bigdataclimatechallengewinnersan- nounced CIAT Flood Map uses open data from the Environment Agency in the UK to warn users about potential flooding in their area. Warnings are updated at 15-minute intervals, allowing users to monitor water elevation and prepare for disasters. Source: http://data.gov.uk/sites/default/files/library/Flood%20map.pdf FLOOD MAP OPEN DATA AT WORK OPEN DATA BENEFITS OPEN DATA CONCERNS Quote source: http://diginomica.com/2014/02/28/opendataputtingfear localgovernment/ 1. PRIVACY Although open data is anonymised, there are concerns that enough data could be pieced together to reveal personal information. 2. INTEGRITY It is possible that the act of opening data could reduce its reliability. Also, survey data could be affected by 'self selection' with respondents being reticent due to openness of data. 3. MISINTERPRETATION To use data in a meaningful way requires considerable skill and understanding. Opening data for all to use could result in misinterpreta- tion or the introduction of errors. 4. COST While open data may be free to the end user, supplying and curating it doesn't come without costs. Collation, organisation, storage, bandwidth and security costs will need to be covered by the supplier. 5. LOSS OF PROFIT Closed datasets and the processing thereof grant privilege to those that use them. In many cases this privilege is a road to profit for data businesses. THERE’S A FEAR THAT RELEASING EVERYTHING SEEMS PRETTY SCARY, UNLESS SOMEONE HAS GOT THE TIME TO CHECK THAT YOU ARE NOT RELEASING SENSITIVE INFORMATION, WHICH COULD BACKFIRE QUITE MASSIVELY” - Eddie Copeland, Head of Technology Policy, Policy Exchange, February 2014 1. TRANSPARENCY Opening your data can mitigate uncertainty and enhance the levels of trust between the business and its partners. 2. EMPOWERMENT Making your data available to all can empower employees, custom- ers and external parties to make use of it in ways that could benefit everyone. 3. INNOVATION Open data can lead to new products and innovations that simply wouldn't have been possible otherwise. 4. KNOWLEDGE Seeing your own business data used in new and exciting ways can reveal new patterns and knowledge that has been hiding behind the numbers. 5. IMPROVEMENT Opening your data could lead to improvement in many areas of your business or that of your customers. Quote source: http://www.statesman.com/news/news/localgovtpolitics/ remarksfromobamasspeechatappliedmaterials/nXm24/ IT’S GOING TO HELP MORE ENTREPRENEURS COME UP WITH PRODUCTS AND SERVICES THAT WE HAVEN’T EVEN IMAGINED YET - Barack Obama, President of the United States, May 2013 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 0 1 1 0 1 1 1 0 1 1 1 0 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 1 0 Sources: · The Open Data Handbook - http://opendatahandbook.org/guide/en/why-open-data/ · ODI - Open Data Means Business - http://theodi.org/open-data-means-business · Open Data Barometer - http://barometer.opendataresearch.org/report/analysis /rankings.html http://businessvalueexchange.com/ OPEN DATA UNLOCKED OPEN DATA IS THE IDEA THAT CERTAIN DATA SHOULD BE FREELY AVAILABLE TO EVERYONE TO USE AND REPUBLISH AS THEY WISH. IT'S ALREADY HELPING GOVERNMENTS, THE PRIVATE SECTOR AND INDIVIDUALS INNOVATE AND DRIVE INVESTMENT IN NEW INDUSTRIES AND NEW WAYS OF WORKING.