open data - changing uk business
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Data is the new raw material of the digital age
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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
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Global challenge feed > 9,000,000,000 people in 2050
… Jobs … Transport … Waste … Water … … Education … Energy … Shelter …
… Food … Health … Economy …
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Open data is data that anyone can access, use or share
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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
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The UK perspective: Open data and business
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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
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Open data helps businesses.. ❏ Innovate ❏ Make better decisions ❏ Cut costs
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Creating an environment for innovation
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Photo source: Flickr - www.CGPGrey.com (CC BY-SA 2.0)
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The value of the Transport for London open data is estimated at $23m-$88m in 2012 alone
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Applications to the Shanghai metro KPMG Big Data Observatory at Imperial University, London - 3 Nov 2015
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Shanghai
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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 network
Internet of Things (IoT) for smarter cities
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Making better decisions
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Photo source: Flickr - Dominic soundslogical (CC BY-SA 2.0)
Winemaking is an £82m industry which has doubled in size in the last five years
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Better predictions, new market growth Potential additional 75,000 acres of land for conversion Source: Defra, 26 Oct 2015
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Source: CC BY 2.0, uploaded by DncnH.
Local market conditions are very different in different parts of the UK
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More customer context, better decisions
Statistics on where people work and where they live help to improve decisions on retail location
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Cutting costs
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Photo source: Flickr - S.Rae (CC BY-SA 2.0)
Groundwater flooding is a major cause of floods in UK
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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
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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
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UK businesses are starting to publish their own data
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Building the data infrastructure
http://www.geolytix.co.uk/geodata/open-supermarkets
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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