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.

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

6. Where do I find those Open Data sets?

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. Business data
Open
Closed
Public
Low hanging fruit

9. Business data
Annual account summary
Graphics say more
than a thousand numbers

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

12. Business data
Make your dashboards interactive
Add easy analytics
from donuts to maps

13. Climate change in Belgium?
1833-2014: Seasonal pattern form average monthly temperatures / © @maartenzam
Open
Closed
Public

14. Real Estate
Open
Closed
Public
Web + Mobile
Real Estate
websites

15. Knowledge from the crowd
Public
Leverage on feedback loop from users

16. Legal data
Open
Closed
Public
More low hanging fruit

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