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STOP PRESS! 100 million companies

Benefits of Data

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Page 1: Benefits of Data

STOP PRESS! 100 million

companies

Page 2: Benefits of Data

making official company data

more useful, more usable, more relevant

Page 3: Benefits of Data

black-box proprietary data?

takes official company data

and obfuscates it

Page 4: Benefits of Data

bad for official sourcesbad for users

often adds little valuebad for data quality

Page 5: Benefits of Data

problem cause

data accuracy data is re-keyed. few eyeballs. often little downside to lying

gaps in data high (& often duplicated) cost of data entry. limited to payers

lack of granularity legacy systems/data models hard to re-engineer in closed world

errors go uncorrected few feedback mechanismsblack box/no provenance

can’t reveal (sometimes dubious) sources. limits usefulness/trust

isolated proprietary IDs are internal identifiers & are barriers to sharing & improved data quality

example proprietary data quality issues

Page 6: Benefits of Data

in a data-driven world we need company

data…with provenancewith clarityin a form that can be combined

with other data

Page 7: Benefits of Data

Mission: every public company data item in the world matched to

the company•Legal Entities – the critical underpinning of the corporate world

•De-siloing data from official corporate registers, and other government data, especially regulatory

•Linking critical – and previously obscure datasets•Line of sight to primary data – transparency and trust

Page 8: Benefits of Data
Page 9: Benefits of Data

May 2016: 2 million standardised notices

(Alpha)

Page 10: Benefits of Data

• Utility - or rather a lack of…

Gazettes predate the web Published in unstructured,

unclassified, digitally antagonistic formats…

undiscoverable, unsearchable, barely browsable let alone comparable!

Why?

Page 11: Benefits of Data

• Official public notices Critical company eventsliquidation, dissolution, winding-up

orders, mergers, AGM’s etcSignalsoften precede changes in company

registers by up to 4 weeks

What?

Page 12: Benefits of Data

• Structured, standardised, categorised

Order to chaosDiscoverable, searchable,

browsable across multiple countries

Matched to OpenCorporates entities

What have we done?

Page 13: Benefits of Data

• Linked with full line of sight to OpenCorporates and the public source

Do you know your customer?

Page 14: Benefits of Data

• StructuredClassifiedSearchableLinked!

What do you really know?

Page 15: Benefits of Data

Innovative commercial model• ‘Dual licence’➡ Free: open company, entity

and gazettes search for everyone

➡ Paid: commercial use:‣ API, Bulk custom data

extracts and data feeds• Subscriptions

‣ monthly, annual, multi-year

Page 16: Benefits of Data