Download - Can you build a company around open data?

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Page 1: Can you build a company around open data?

Joe$Greenwood,"Program"Director""

Page 2: Can you build a company around open data?

annual$value$of$global$GPS$industry1$

poten9al$savings$to$US$healthcare$from$use$of$data2$

value$of$US$weather$data$industry3$

value$of$global$geo@services$industry4$

Page 3: Can you build a company around open data?

!  Products$and$services$based$on$data$

!  Complimentary$services$e.g.$$soDware$

!  Lowered$cost$to$find$and$use$data$!  Costs$savings$to$government$

!  Produc9vity$and$efficiency$from$using$data$driven$products$and$services$e.g.$transit$apps$

!  Welfare$gains$from$new$services$and$lowered$costs$.$

!  Alterna9ve$government$service$delivery$$

annual$direct$and$indirect$economic$value$of$Public$Sector$Informa9on$re@use$to$the$EU5$$

annual$direct$economic$value$of$Public$Sector$Informa9on$re@use$to$the$EU5$$

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!  Itemized$spending$$!  Itemized$tax$receipts$!  Itemized$grants$and$funding$awards$

!  New$data$service$companies$e.g.$Open$North,$mining$US$401$tax$returns$

!  Genera9ng$government$sales$leads$

!  Transparency$drives$government$savings$and$efficiencies$

!  Increased$compe99veness$of$procurement$processes$$

!  Iden9fica9on$of$tax$avoidance$and$fraud$$

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!  Business$registries$!  Directors$and$shareholders$!  Firm$crea9on$and$growth$rates$!  Job$crea9on$and$redundancies$$!  Consumer$complaints$!  Labour$force$and$demographic$

data$$

!  New$data$service$companies$e.g.$DueDil,$Outside$IQ$

!  AXrac9on$of$capital$to$grow$companies$and$clusters$$

!  Detec9on$of$government,$banking$and$insurance$risks$and$fraud$$

!  Improved$delivery$of$economic$development$at$all$levels$of$government$$

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!  Road,$transit$and$pedestrian$networks$!  Transit$schedules,$in$real$9me$!  Real$9me$traffic$flows$!  Boarder$crossing$9mes$$!  Ridership$counts$$

!  Geospa9al$and$consumer$services$revenue$$

!  Produc9vity$@$keeps$people$and$goods$moving$$

!  Smarter$transit$investments$$

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!  Basic$directory$of$health$providers$

!  Prescrip9ons$!  Costs$of$care$providers$!  Public$health$and$disease$

prevalence$

!  Innova9ve$new$health$IT$companies$!  Reduced$health$systems$costs$from$transparency$$!  Reduced$health$systems$costs$from$lower$admissions$and$more$

self$care$at$home$$

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In$the$US$VCs$have$plowed$$400$million$into$healthcare$transparency$startups$since$2010.6$$

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!  Post$codes$and$addressing$!  Administra9ve$boundaries$!  Place$names$!  Background$mapping$$!  Look$up$tables$and$

reference$data$!  APIs$

Making$OS$Open$DataTM$free$at$point$of$use$will$create$a$projected$£13.0$million$@$£28.5$million$increase$in$Great$Britain$GDP$by$2016.7$

!  Growth$in$geospa9al$and$consumer$services$revenue$$

!  Lower$costs$of$ubiquitous$applica9ons$$

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“The$9mely$release$of$data$in$a$standardized$and$machine@readable$format$called$“smart$disclosure,”$seeks$to$empower$consumers$to$make$informed$decisions,$and$provide$tools$to$innovators.$Smart$disclosure$can$enable$privacy$by$placing$the$choice$to$access$and$use$data$securely$in$the$consumer’s$personal$control”$$“Open$Data,$Big$Data,$Yes$…$Personal$Data,$No!$By$employing$Privacy$by$Design,$smart$disclosure$ini9a9ves$can$ensure$that$the$consumer’s$personal$informa9on$is$not$disclosed$to$third$par9es,$without$their$express$consent.”$$Informa1on"and"Privacy"Commissioner"of"Ontario,"Ann"Cavoukian,"Ph.D"

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2.7$million$homes$and$business$with$access$to$data$

20$Canadian$organiza9ons$building$solu9ons$$

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“Don’t$wait$for$this$[to$become$law].$You$can$give$your$data$away$now,$and$generate$revenue$and$jobs,$and$even$save$money$from$the$beXer$

informa9on$and$decisions$that$will$flow.”$$

EU"Commission"Vice@President"Neelie"Kroes"12"December"2011"

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1.   hXp://www.whitehouse.gov/blog/2012/07/12/open@data@clean@secure@energy@future$2.   hXp://www.mckinsey.com/insights/health_systems_and_services/the_big@

data_revolu9on_in_us_health_care$3.   hXp://www.slate.com/ar9cles/technology/future_tense/2012/09/

brightscope_castlight_new_businesses_built_on_open_government_data_.html$4.   $hXp://www.oxera.com/Oxera/media/Oxera/downloads/reports/What@is@the@economic@

impact@of@Geo@services_1.pdf$$5.   hXp://ec.europa.eu/informa9on_society/policy/psi/mepsir/index_en.htm$6.   hXp://www.cbinsights.com/blog/trends/healthcare@cost@transparency$7.   hXps://www.gov.uk/government/uploads/system/uploads/aXachment_data/file/

207692/bis@13@950@assessing@value@of@opendata@to@economy@of@[email protected]$

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Joe$Greenwood$Program"Director"[email protected]""416@673@8475"""$