The Value of Open Data_ Softelligence Romania
Post on 12-Aug-2015
42 Views
Preview:
Transcript
©Softelligence
About Softelligence
Big Data & Advanced Analytics
Why Open Data?
What kind of Open Data?
Beneficiaries of Open Data
Case Studies
Q&A
Agenda
About Softeligence
©Softelligence
FAST 50 & FAST 500 Ranked by Deloitte
in top technology companies
in Europe and EMEA
Founded in Bucharest
in 2006,operating in CEE, UK, Ireland,
Germany, Sweden & Italy
50%YOY growth rate over
the last 5 years
Microsoft, Oracle, SAP
certified expertise
ISO 9001 ISO 27001
certified
5 mil. Euro
turnover overthe last 4 years
10 mil. Euro
turnover in the next 3 years
Advanced analytics = future-oriented analyses that can be used to help drive changes and improvements in business practices and society as well.
How does it work? Extract information from existing data sets Determine patterns and predict future outcomes and
trends Achieve efficiency and better results
BIG DATA = voluminous amount of structured, semi-structured and unstructured data that has the potential to be mined for information.
©Softelligence
©Softelligence
What kind of Open Data?
Non-personal data
Data which does not contain
information about specific
individuals
Government data with no national security restrictions
Open data is data that can be freely used, re-used and redistributed by anyone
©Softelligence
Why Open Data?
Open data enables accountability
Open data empowers
communities
Open data drives
economic growth
Open data may lead to more accurate conclusions and better
decisions
Improved or new private
products and services
New knowledge from combined data sources and patterns in large
data volumes
Transparency and
democratic control
Weather-Sensitive Economic Sectors
• ANM/National Meteorological Agency:• Historic data about the
weather• Weather predictions• Weather patterns
Type of Open Data
• It addresses weather-sensitive economic sectors:• Utility & Manufacturing
companies• Transport & Tourism
companies• Retail (FMCG companies)
Benefits
©Softelligence
Insurance & Safety
• Statistics about accidents• Accidents by geographical area• Age & average income of those
who cause accidents• A record of person’s accidents
with their consent
Type of Open Data
• A more accurate risk analysis• Better customer profiling• Enable carriers to underwrite
many other emerging risks that are underinsured
Benefits
©Softelligence
Public Institutions
• Financial and legal information about individuals and companies
• Common database for several institutions
• Monthly statistic data regarding public acquisitions
• Historic acquisitions data
Type of Open Data
• Encouraging start-ups and entrepreneurs
• Identifying fraud patterns in public acquisitions
• Fraud analysis to become part of the decision process in public acquisitions
Benefits
©Softelligence
top related