The value of Open Data

Wendy Carrara, Capgemini Elena Simperl, University of Southampton Jeni Tennison, the Open Data Institute

Big Numbers

€

€ 325 Billion direct market size for the period 2016-2020

36.9% increase in share of GDP from 2016 to 2020 € 83,578 Million market for Public Administration in 2020

100.000 jobs in Open Data in 2020

7.3% average increase Open Data jobs More than 2.500 jobs in at least nine countries

€ 1.7 Billion costs in the EU28+ by Public Administrations in 2020

E.g. Cost Savings by Germany with € 296 Million

7,000 lives can be saved due to quicker response

2,549 hours can be saved in being wasted for finding parking 629 million hours can be saved which is equivalent to € 27.9 Billion

Market Size and value added as

percentage of GDP

Number of jobs created

Cost Savings for the public sector

Efficiency Gains or productivity

gains

Versatility

Geospatial

25.8%

Statistical

27.3%

Companies

19.5%

Top 3 Open Data domains re-used most

Clear popularity of three types of Open Data domains Domains expected to have the highest economic impact More data on companies requested most

Transport

Regions & Cities

Environment

Population & Societiy

Top 4 combinations of Open Data categories

Regions & Cities data is often combined with the other 3 categories On average companies use 5 categories of Open Data 36% of the companies aggregate the data, regardless of its nature

St

Business Models

38%

17%

17%

15%

14%

0% 10% 20% 30% 40%

1

2

3

4

5

Provide Open Data

Use Open Data to enhance existing products or services

Mostly facilitate the supply or use of Open Data instead of using it themselves

Use Open Data primarily for the development of applications

Collect data as a service

Enablers

Developers

Aggregator

Enricher

Supplier

Distribution across the Open Data Value Chain archetype

The emergence of Data Brokers

To become useful, data needs to be collected and cleaned Most companies are working on the collection and aggregation of Open Data Creating a new position as data broker

Using Open Data can help build real estate data indicators segmented mirco located data Enabling comparisons and further data aggregation

Move Shape

System Environment

Aggregation, analysis and development of new services - an example People Economics

ODINE built a business ecosystem of open data startups and SMEs in Europe Services for startups and SMEs, including €100k equity-free funding Open call 05/2015 to 08/2016 to fund 6 months open data projects

58 companies, 18 countries, 1100 applications, 278 new jobs, 23.M€ impact

Bike Citizens

How building a strong community drives funding

Land Insight

Making data richer and easier to access

Bike Citizens

How building a strong community drives funding

Mint Labs

Enabling new services

Open Gazettes by Open Corporates

Adding value to a successful business

IPlytics Market intelligence using open data in patents and standards

Smart energy using open data and open data platforms

The role of open data in businesses depends on the value proposition The most popular revenue models are freemium and subscription-based The majority of companies have two or more value propositions within the same business due uncertainty of the open data-driven market

Open Banking Working Group Set up in September 2015 at the request of HM Treasury to explore how data could be used to help people transact, save, borrow, lend and invest their money

May 2016, CMA requires banks to release and make available transaction data through an open API and particular reference and product information as open data

Data is infrastructure for our (digital) economy

https://www.flickr.com/photos/pkwflickr/6188760566/in/album-72157627764211574/

Roads help us navigate to a location. Data help us navigate to a decision.

https://www.flickr.com/photos/ronsaunders47/7459822850

https://www.flickr.com/photos/highwaysagency/6194409693

https://www.flickr.com/photos/36844288@N00/4982230334

http://www.theodi.org/data-spectrum

THANK YOU