Data can have a lot of value, depending upon what it is and how it can be shared.
There are many ways to explain this and in this article we have used the definitions from the Data Spectrum from the Open Data Institute (ODI): https://theodi.org/about-the-odi/the-data-spectrum/
Open Net Zero Data
Open Data (data that can be freely used, re-used and redistributed by anyone), is typically published by organisations, public-sector bodies & governments. This can generate value for others, who use the data in the development of new customer facing products and services, as well increasing transparency & innovation and also challenging existing ways of working… which can subsequently improve the efficiency or quality of the services being provided.
For further benefits : https://data.europa.eu/en/trening/what-open-data
As an example, the publishing of Open Data by Transport for London (TfL) generates economic benefits and savings of up to £130m per year for travellers, London and TfL itself.
https://content.tfl.gov.uk/deloitte-report-tfl-open-data.pdf
Making Net Zero Open Data more easily findable and sharable to a wider set of consumers potentially amplifies it value. From public data sets about the general levels of Greenhouse Gases (GHGs) in the atmosphere through to details on the emissions policies for each country, we believe we can help by signposting the location of these Open Data sources or preferably making them directly available via our platform.
There is also the opportunity for any organisation to use our Net Zero Data Marketplace rather than create their own data portal. For example, those mandated to do so or those with particular Environmental Social & Governance requirements.
Shared Net Zero Data
Shared data (data that is limited in its usage, either by license or to specific groups or users) can be highly valuable, especially in the Commercial world. This can be data ranging from Twitter feeds, that can provide real-time insight into the feelings and functioning of whole sectors, through to sensitive research data, that is limited to a specific audience or Driving License information that is restricted to just specific individuals.
Understandably Shared Data it is usually stored & shared securely to ensure it is not made public or exposed unintentionally to others who could gain advantage from it.
Note: Sometimes the value of shared data can be unlocked. The monetisation of specific data sources by those publishing them allows revenue to be earned from those who would pay for it.
Net Zero shared data is where we believe there is the most need for a marketplace to data publishers to offer and sell their data to consumers who want to use it for reporting & benchmarking, analysis & insight.
Closed Net Zero Data
Closed data, that data which needs to be kept private and not shared unless it is under the tightest of controlled ways, can be incredibly valuable… especially if it got into the wrong hands. Contracts, employment details, personal medical records or sales reports must all therefore be stored in specific ways that ensure that only those who need to get access to them can do so.
It is not our intention that any Closed Data be published and shared via the Net Zero Data Marketplace.