The Business of Open Data

Hjalmar Gislason (DataMarket)
Average rating: ***..
(3.88, 8 ratings)

The rise of Open Data in the last 3-4 years has been phenomenal. More and more public organizations are buying into the idea, governments are running each other over in setting up data portals, and leading intellectual magazines and newspapers have devoted special reports to this rising trend.

However, we still do not have a lot to show for it. Yes, there has been some innovation. Yes, some corruption has been discovered. Yes, there are examples of data journalism where improved access to data has brought new insights. But nowhere near as much as the most prominent advocates promised us.

The revolution in Open Data is that an enormous amount of valuable data is becoming easily and freely available all over the world. Some of this data has never been made public before and certainly not this accessible. In gathering this data lie thousands – no – probably hundreds of thousands of man-years, whose output has until now only been used to a fraction of its potential. Imagine the value in all that work, in all that data!

And this data has real, practical, monetary value to virtually every business, household and individual. But only a few of them know that yet.

The real commercial opportunity in Open Data lies in helping people discover all this data, see its potential and realize how they can make use of it to run their businesses better, make better decisions and identify new opportunities.

This session will explore how it is possible to build business models that allow exactly this, still ensuring that Open Data will be kept open and free of charge.

Photo of Hjalmar Gislason

Hjalmar Gislason

DataMarket

Hjalmar is a serial entrepreneur, founder of three startups in the gaming, mobile and web sectors since 1996. Prior to launching DataMarket, Hjalmar worked on new media and business development for companies in the Skipti Group (owners of Iceland Telecom) after their acquisition of his search startup – Spurl. DataMarket is based largely on his vision of the need for a global exchange for structured data.

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Comments

Picture of Hjalmar Gislason
Hjalmar Gislason
03/30/2011 11:51am PDT

William: Thanks for your feedback. Sorry you got that impression.

I intended to use our company only as an example of a business model that can be built using Open Data while keeping the data open and free of charge. Looking at my slides, the first half of the presentation was on open data in general, next quarter on how we use it, and the last quarter on possible open data business models. I’ll make a note to keep our presence even lower-key next time around, and think if I made too many remarks about us specifically.

Thanks again, Hjalmar Gislason, founder of DataMarket.com

William McCormick
03/30/2011 11:33am PDT

This was not a presentation on “open data” it was a commercial for the company “Open Data”

Sponsors
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