Web 2.0 Expo speaker and serial entrepreneur Hjalmar Gislason today launched an international version of previously Iceland only DataMarket.com. This means users can now use the service to find, visualize and access data from around the world, including organizations such as the World Bank, UN, Eurostat, and Gapminder.
Quick summary of what they offer: DataMarketing has “15,000 data sets from over 40 providers holding tens of millions of time series of statistics ranging from World population and temperature anomalies to the yield of oranges in Cyprus – to name an example,” Hjalmar said.
This spring at Web 2.0 Expo San Francisco, Hjalmar will speak on “The Business of Open Data,” and how businesses can make money by connecting people more easily with Open Data. Previously, he said, the only opportunities businesses saw in Open Data was to provide the public sector with products and services to open up their data.
“This is all good and well, but the real value in Open Data lies in helping people discover all the available data, see its potential and realize how they can make use of it to run their businesses better, make better decisions and identify new opportunities.
“I think that business models that use Open Data today can largely be divided in two categories: Suppliers to government Open Data initiatives and specialized applications that use Open Data to provide highly relevant services to niche audiences. There are great companies, already creating a lot of value in both categories. My favorite examples are Socrata on the supplier end and EveryBlock on the niche audiences side.”
Hjalmar recently spoke to us on his upcoming session and the launch of DataMarket.com, the interview of which you can read below. To see him in person, register for Web 2.0 Expo with discount code websf11bl20 and save 20%.
Q&A with Hjalmar Gislason of DataMarket.com
Kaitlin: Businesses already use all sorts of data in marketing and business decisions. What is your elevator pitch to someone new to Open Data and how it differs from what we had in the past?
Hjalmar: Most businesses have realized how important good data is to their decisions and planning, and many have gone to great lengths to measure key performance indicators, set up business intelligence systems and thereby be able to make really data driven decisions. What has surprised me is that in most cases, this thinking is limited to internal data; data about sales, customer churn, web traffic, call center activity, employee satisfaction and so on. The fact of the matter is that external data is no less important to a business’ success. You could run a company perfectly based on all the internal indicators and still go belly up because you didn’t account for some externalities. Continue Reading »