[Yuri Demchenko]

Meeting title
Data Properties as Economic Goods (Remote Access Instructions)
 
Collaborative session notes: https://docs.google.com/document/d/1HCnqfGKWu6NCbCtkIIRzjGyj4u59bCOdAkfFSPY-ZjE/edit 
 
Meeting Location: Commonwealth A1
 
Meeting agenda – 10:00 – 11:30 3 April 2019
 
10:00-10:10 (Jane and Yuri remotely)
Introduction around the room
Goals of the sessions
 
10:10-10:25 Luis A. Rios, Assistant Professor of Management, The Wharton School, University of Pennsylvania
Topic: Intellectual property, appropriability, and exclusion: Boundary conditions to the comoditization of data
 
10:25-10:35 Greg Madden, Senior Advisor for Research Computing and Cyberinfrastructure. Office of the Vice President, Penn State University
Topic: Systems perspective on cost and data as asset
 
10:35-10:45 George Saleh,  Datapace, Nokia
Topic: Nokia Data markets and data monetisation using blockchain technology
 
10:45-10:50 Yuri Demchenko, University of Amsterdam
Topic: Data management, data economics and technological platforms – Overview activities in Europe
 
10:55-11:00 Jane Greenberg, Aice B. Kroeger Professor, Director Metadata Research Center, Drexel University
Topic: Metadata capital
 
11:00-11:20 Open discussion and review of IG-charter (Jane/Yuri)
 
11:20-11:30 IG Charter outputs, commitment, action items (Jane/Yuri)
 
Session objectives

Continue discussion started at the first BoF on Data as Economic goods at RDA12 Plenary and proceed with the establishing Interest Group
Discuss Charter of the proposed IG on Data Economics
Identify set of documents to be produced by the prospective IG and create team of volunteers to work on the documents; in particular, information document on overview/analysis of business models for research data and commoditised data trading and exchange, related data properties
Identify key actions to further research topics and coordination actions
Gather individuals interested in defining set of properties that are related to data as economic goods

 
Scope of the IG-DE group and related activities
The proposed Interest Group is a direct outcome of the BoF on Data as economic goods that took place at the RDA 12 Plenary on 5-8 Nov 2018 in Gaborone. The BoF drew 29 participants from 13 countries, and included four presentations. People were enthusiastic to work on the main topics discussed at the BoF. 
 

Emerging data driven technologies and economy facilitate interest to making data a new economic value (data commoditisation) and consequently identification of the new properties of data as economic goods. Creating consistent and workable models for data exchange and commoditisation is critical to facilitating research data usage, creation of new value added data driven services bringing additional resources to research organisations. Consistent data pricing and data markets models are equally important for government funded and sponsored research, open data and governmental data. A number of examples from industry demonstrate practical interest to facilitate and obtain value from data exchange, interoperability, and adopting common architectures for data markets.
 
As part of this trend, existing business models of paid or commercial data(sets) services such as archives are based rather on services subscription fee. Quality of datasets in many cases is assessed by independent certification body or based on peer review by expert. This type of model is useful for specific use cases, although this does not provide a consistent model to make data an economic goods and enable data commoditisation. Another key factor is growing interest in making the best use of research data resulted in formulation of the FAIR (Findable – Accessible – Interoperable – Reusable) data principles, which are widely supported by industry and business.
 

The BoF and proposed IG will address issues related to data commoditisation, first of all definition of properties that will make effective data exchange and trading.
 
 
Additional links to informative material related to the group

Notes and materials from the first BoF on Data Properties as Economic Goods at RDA12 https://www.rd-alliance.org/bof-data-properties-economic-goods-rda-12th-…
Position paper: Data as Economic Goods: Definitions, Properties, Challenges, Enabling Technologies for Future Data Markets, by Yuri Demchenko, Wouter Los, Cees de Laat,. ITU Journal: ICT Discoveries, Special Issue 2 “Data for Goods”, https://www.itu.int/en/journal/002/Documents/ITU2018-12.pdf
Proposed Charter of the Data Economics IG https://www.rd-alliance.org/group/data-economics-ig/case-statement/inter…
mailing list data-economics-ig@rda-groups.org

Target audience
 
Group chair serving as contact person:
Yuri Demchenko, Jane Greenberg
 
Type of meeting:
Informative meeting
 
 
 

Discussion