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Addressing&economic&externali7es

Guillermo&Vega;Gorgojo&–&University&of&Oslo

Big data roadmap and cross-disciplinary community for addressing societal externalities

Addressing&economic&externali7es

@BYTE_EU www.byte-project.eu

Addressing&the&economic&externali7es

◦  Set!of!best!prac.ces!extracted!from!the!BYTE!case!studies!and!other!big!data!ini.a.ves!

◦ Main!stakeholders!affected!◦  Public!agencies!◦  Research!ins.tu.ons!◦  Large!corpora.ons!◦  SMEs!!

◦  Disclaimer:!more!specific!ac.ons!should!be!applied!for!specific!cases!

◦  The!economic!toolbox!for!governments!◦  Direct!regula.on!in!form!of!prohibi.on!or!a!threshold!level!

◦  Pigouvian!tax,!fees!◦  Incen.ves!to!enhance!posi.ve!ac.ons!◦  Subsidies!

@BYTE_EU www.byte-project.eu

Public&investments&in&infrastructures

◦  Externali.es!to!amplify!or!diminish!◦  Accelerate!scien.fic!progress!◦  Gather!public!insight!◦  Need!of!skills!and!resources!◦ Who!◦  Public!agencies!◦  Ra.onale!◦  Bootstrap!adop.on!of!big!data!when!substan.al!investments!are!needed!

◦  Examples!

◦  Environment!case!study:!public!investments!in!the!aerospace!sector!

◦  CERN’s!LHC!compu.ng!grid:!distributed!storage!and!analysis!

@BYTE_EU www.byte-project.eu

Funding&programmes&in&big&data

◦  Externali.es!to!amplify!or!diminish!◦  BeQer!and!more!targeted!services!

◦  Need!of!skills!and!resources!◦  Compe..ve!disadvantage!of!newer!businesses!and!SMEs!

◦ Who!◦  Public!agencies!◦  Ra.onale!◦  Bootstrap!adop.on!of!big!data!with!demonstrators!and!inspiring!projects!

◦  Reduce!compe..ve!disadvantage!of!startSups!and!SMEs!

◦  Examples!◦  Culture!case!study:!improving!visibility!of!heritage!collec.ons!

◦  Big!data!innova.on!programmes:!Global!Pulse,!the!Australian!Public!Service!Big!Data!Strategy,!the!US!Big!Data!Research…!

@BYTE_EU www.byte-project.eu

Releasing&open&government&data

◦  Externali.es!to!amplify!or!diminish!◦  New!products!and!services!based!on!open!data!◦  Cost!effec.veness!of!services!◦  Not!clear!dataSbased!business!models!

◦ Who!◦  Public!agencies!◦  Ra.onale!◦  Governments!have!been!gathering!massive!amounts!of!data,!but!they!have!oVen!been!largely!ineffec.ve!at!using!data!

◦  Encourage!the!private!sector!and!society!to!extract!value!◦  Examples!

◦  Oil&gas!and!culture!case!studies!◦  Myriads!of!open!government!data!ini.a.ves,!e.g.!UK!Data!Service!

@BYTE_EU www.byte-project.eu

Persuade&big&actors&to&release&some&of&their&data

◦  Externali.es!to!amplify!or!diminish!◦  Compe..ve!disadvantages!of!newer!businesses!and!SMEs!

◦  Open!data!puts!the!private!sector!at!a!compe..ve!advantage!

◦  Digital!divide!◦  Reluctance!of!large!corpora.ons!to!open!their!data!◦ Who!◦  Public!agencies,!large!corpora.ons!◦  Ra.onale!◦  Large!corpora.ons!amassing!huge!amounts!of!data!

◦  Data!philanthropy:!dona.on!of!data!for!the!good!of!society!◦  Corpora.ons!can!get!advantage!from!opening!up!their!data!

◦  Examples!◦  Global!Pulse!(United!Na.ons)!is!encouraging!this!type!of!ac.ons!with!large!corpora.ons!such!as!telecom!operators!

@BYTE_EU www.byte-project.eu

Promote&big&data&in&educa7on

◦  Externali.es!to!amplify!or!diminish!◦  DataSbased!jobs!needed!◦  Need!of!skills!and!resources!◦ Who!◦  Public!agencies!◦  Ra.onale!◦  Current!scarcity!of!data!scien.sts!and!data!analysts!◦  Not!only!formal!learning,!also!lifelong!learning!

◦  Examples!◦  Ac.on!items!in!the!US!agenda!for!big!data,!the!Industry!4.0!working!group!and!the!Australian!public!service!big!data!strategy!!

◦  Universi.es!offering!programmes,!courses!and!MOOCs!on!big!data,!e.g.!Carnegie!Mellon’s!programme!in!data!science!

@BYTE_EU www.byte-project.eu

Seek&opportuni7es&in&new&business&models

◦  Externali.es!to!amplify!or!diminish!◦  Innova.ve!business!models!based!on!big!data!

◦  Not!clear!dataSbased!business!models!

◦ Who!◦  Large!corpora.ons,!SMEs!

◦  Ra.onale!◦  Opportuni.es!in!the!datafica.on!of!everything.!Exploit!the!par.cular!characteris.cs!of!data:!reusable,!combinable,!extensible…!

◦  Poten.al!business!models:!data!genera.on,!data!aggrega.on,!data!analy.cs!

◦  Examples!◦  Healthcare:!lab!specialized!in!DNA!sequencing!◦  Oil&gas:!seismic!surveys!companies,!well!monitoring!

◦  Technology!providers!such!as!Teradata!

@BYTE_EU www.byte-project.eu

Looking&for&interes7ng&data&sources

◦  Externali.es!to!amplify!or!diminish!◦  Innova.on!through!open!data!!◦  New!dataSbased!products!and!services!!◦  Gather!public!insight!◦ Who!◦  Research!ins.tu.ons,!SMEs,!large!corpora.ons!

◦  Ra.onale!◦  Exploi.ng!the!reusable!and!combinable!aspects!of!data!

◦  Many!available!(and!open)!datasets,!e.g.!Datahub!

◦  Examples!◦  Crisis!informa.cs:!TwiQer!data!for!providing!faster!relief!

◦  Environment:!mul.ple!applica.ons!of!earth!observa.ons!data!

◦  Data!hackathons!

@BYTE_EU www.byte-project.eu

Create&partnerships&around&data

◦  Externali.es!to!amplify!or!diminish!◦  BeQer!and!more!targeted!dataSbased!services!

◦  Innova.on!through!open!data!◦  Gather!public!insight!and!generate!knowledge!◦  Compe..ve!disadvantages!of!newer!businesses!and!SMEs!

◦ Who!◦  SMEs,!large!corpora.ons,!research!ins.tu.ons,!public!agencies!

◦  Ra.onale!◦  Exploita.on!of!synergies:!data!sources,!tools,!skills!◦  Recommended!by!the!US!Big!Data!Research!and!the!Industry!4.0!working!group!

◦  Examples!◦  Oil!&!gas:!condi.onSbased!maintenance!

◦  Mul.disciplinary!associa.ons!like!BYTE!or!BDVA!

@BYTE_EU www.byte-project.eu

Summary&of&best&prac7ces

!!

Best!prac*ces!

SMEs!

Large!corpora*ons!

Research!ins*tu*ons!

Public!agencies!

Public!investments!in!infrastructures! X!

Funding!programmes!for!big!data! X!

Public!investments!in!open!government!data! X!

Persuade!“big!actors”!to!release!some!of!their!data! X! X!

Promote!big!data!in!educa.on!policies! X!

Look!for!interes.ng!data!sources! X! X! X!

Seek!opportuni.es!in!new!business!models! X! X!

Create!partnerships!around!data! X! X! X! X!