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.
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
6.
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
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
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
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
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