What’s your Open Data ROI? Edafe Onerhime
What is Return on Investment (ROI)?
The benefit to an investor resulting from an investment of some resource
Return on investment: Wikipedia
Why measure Open Data ROI?▪ Engage Stakeholders▪ Maximise Use▪ Create Common Language▪ Highlight Risks▪ Unearth Hidden Costs
The Open Data ROI Formula
P × B + D > C
A "calculus" for open data: Sahuguet & Sangokoya (2015)
The Open Data ROI Formula(P)robability of Effect × Individual (B)enefit + (D)uty or Global impact > (C)ost of Opening Data
A "calculus" for open data: Sahuguet & Sangokoya (2015)
The Open Data ROI FormulaProbability - P
Legal Frameworks
Lack of Trust
Data Standards
Data Literacy &
Culture
Data Community Incentives
A "calculus" for open data: Sahuguet & Sangokoya (2015)
The Open Data ROI Formula: Benefit - B
Accuracy Joined Up Data
Improved Coverage
Sustainable Data
Visibility Products & Services Insight Business
Models
A "calculus" for open data: Sahuguet & Sangokoya (2015)
The Open Data ROI Formula: Impact & Duty - D
Governance Quality of Life
IntraGovernment Interactions
Access for All
CSR Innovation Civic Action Community
A "calculus" for open data: Sahuguet & Sangokoya (2015)
The Open Data ROI Formula: Cost - C
Opening Operating Quality Legal
Liability Mandatory Privacy PR
A "calculus" for open data: Sahuguet & Sangokoya (2015)
Focus on: Probability - P
As a ___________________, we want to increase the probability of benefit to ________________________from our open data
Focus on: Benefits - B
As a ____________________, we want to increase the benefits from our open data in ________________________
Focus on: Impact & Duty - D
As a ____________________, we want to make an impact with our open data in _______________ community
Focus on: Cost - C
As a ____________________, we want to reduce the cost of data use with our open data for _____________________.