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

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)

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

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”

Add value by features

Notifications Mobile App

Real time

Visualisations

Analytics

Web Data Integration Historic Data & Trends

Enriched/Linked Data

Social Graph

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://opendata.vlaanderen.be/ Wallonia http://opendata.digitalwallonia.be/ Brussels http://opendatastore.brussels/

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 opt-in for integration & enrichment

Business data Notify on changes & find similar prospects based on company age, location, size and industry

Notify on changes in customer data

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 h"p://rechtwijzer.nl/uitelkaar  

•  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)!

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