The Value of Open Data through technology Teodor Blidarus Softelligence ©Softelligence
About Softelligence What is 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 certified 5 mil. Euro turnover over the last 4 years 10 mil. Euro turnover in the next 3 years
What is BIG DATA? How can Advanced Analytics help us? ©Softelligence
BIG DATA Enterprise Data Public Data Transactions Social Media Sensor Data ©Softelligence Big Data
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
Advanced Analytics
©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
©Softelligence OPEN DATA Citizens Government Business Environment Beneficiaries
©Softelligence The Value of Open Data
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 Retail (FMCG Companies) Benefits ©Softelligence
Insurance & Safety Statistics about accidents Accidents by geographical area Age & average income of accident of those who cause accidents A record of accidents per insured person, 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
THANK YOU! Teodor Blidarus Managing Partner ©Softelligence