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Re: There's No Money in Linked Data

From: Kingsley Idehen <kidehen@openlinksw.com>
Date: Fri, 07 Jun 2013 11:47:28 -0400
Message-ID: <51B20090.4020105@openlinksw.com>
To: "public-lod@w3.org" <public-lod@w3.org>
CC: Semantic Web <semantic-web@w3.org>, business-of-linked-data-bold <business-of-linked-data-bold@googlegroups.com>
On 6/7/13 11:25 AM, Gannon Dick wrote:
> Lots of people make lots of money from data, structured data and 
> Linked Data.  This is a good thing. But data is a perpetuity not an 
> annuity.

Depends on who is claiming the annuity. For instance, imagine a world in 
which you charge the annuity for access to your master profile data.

Master profile data? That's data curated by "You" and culled from a 
plethora of sources that include those Web 2.0 social networks that once 
thought the joke was on "You" etc..

> The math works fine if correctly applied.

Yes. Thus, flip the script :-)

> Don't expect your Smart Phone or Robotic Agent to have a Banker's 
> expectations, they are much too logical for that :-)

Not expecting that. I believe in the magic of being you!

Links: http://youid.openlinksw.com -- for a teaser !

Kingsley
> --Gannon
>
> ------------------------------------------------------------------------
> *From:* Kingsley Idehen <kidehen@openlinksw.com>
> *To:* "public-lod@w3.org" <public-lod@w3.org>
> *Cc:* Semantic Web <semantic-web@w3.org>
> *Sent:* Friday, June 7, 2013 9:59 AM
> *Subject:* Re: There's No Money in Linked Data
>
> On 6/7/13 10:47 AM, Gannon Dick wrote:
>> I agree, Andrea, and would further point out that "how much money" is 
>> a relativistic question.  Money has an associated Time Value.
>>
>> Money, Light and Linked Data get no Birthday Party, sadly, which is 
>> to say they have no Birthday.  Money tries to cheat by having a Time 
>> Value but no Birthday.  Light can not cheat: One (1) light-year is 
>> 364+(2/364) light-days plus 1 light-day (after) every four years. 
>> (1/365) is an approximation to "364 days + 2 halves of the same 
>> measurement".  This is not a trivial point.
>>
>> To paraphrase your question: What is the Banker's Return on the Time 
>> Value of Linked Data ?
>> Answer: Zero (intellectually honest answer), But don't tell Bankers, 
>> they are ferocious when provoked..
>> --Gannon
>
> What about when you apply your formula to the Web? Basically, is 
> anyone (including Bankers) making money on the Web?
>
> Funnily enough, I just had a conversation with a Banker that went 
> something like this, as part of an identity verification process:
>
> Banker said "based on public records, which of the following 
> statements about you is true?"
>
> Was the outcome of interaction valuable to the banker?
>
> Was the outcome valuable to me?
>
> In either case, would money be potentially made or lost as are result 
> of that interaction? It took about 5 minutes :-)
>
> Kingsley
>>
>> ------------------------------------------------------------------------
>> *From:* Andrea Splendiani <andrea.splendiani@iscb.org> 
>> <mailto:andrea.splendiani@iscb.org>
>> *To:* Prateek <jainprateek@gmail.com> <mailto:jainprateek@gmail.com>
>> *Cc:* public-lod@w3.org <mailto:public-lod@w3.org>; Semantic Web 
>> <semantic-web@w3.org> <mailto:semantic-web@w3.org>
>> *Sent:* Friday, June 7, 2013 4:10 AM
>> *Subject:* Re: There's No Money in Linked Data
>>
>> Hi,
>>
>> Let me get into this thread with a bit of a provocative statement.
>>
>> I think the issue is not whether there is money or not in linked 
>> data, but: how much money is in linked data ?
>>
>> Lot of money has been injected by research funds, maybe governments 
>> and maybe even industry.
>> Is the business generated of less, more, or just about the same value ?
>>
>> Another point of view, perhaps more appropriate, is that Linked-Data 
>> is a bit like building highways. You can eventually measure the 
>> economic benefit of having them, but (at least in several countries) 
>> it's not something from which you expect a return.
>>
>> ciao,
>> Andrea
>>
>>
>> Il giorno 06/giu/2013, alle ore 13:13, Prateek <jainprateek@gmail.com 
>> <mailto:jainprateek@gmail.com>> ha scritto:
>>
>>> For some reason, my original post didn't appear in the mailing list 
>>> archives. My apologies for duplicate posts, if they show up here.
>>>
>>> ---------- Forwarded message ----------
>>> From: *Prateek* <jainprateek@gmail.com <mailto:jainprateek@gmail.com>>
>>> Date: Wed, Jun 5, 2013 at 7:16 PM
>>> Subject: Re: There's No Money in Linked Data
>>> To: public-lod@w3.org <mailto:public-lod@w3.org>, Semantic Web 
>>> <semantic-web@w3.org <mailto:semantic-web@w3.org>>, 
>>> a.blumauer@semantic-web.at <mailto:a.blumauer@semantic-web.at>
>>>
>>>
>>> Hello All,
>>>
>>> I am one of the authors of the work being discussed.
>>>
>>> All the stuff I have seen till now is about Linked Data being great 
>>> and useful for data integration within commercial settings. The work 
>>> does not disputes that. I agree we didn't use the proper term, and 
>>> from the reading of the work it becomes clear we didn't complain 
>>> about this aspect. The work will be revised to correct the 
>>> terminology and other feedback from the mailing list.
>>>
>>> The issue pointed out in the work is with Linked Open Data Cloud 
>>> data sets. This is getting limited or no attention in the 
>>> discussions. Its like saying the technology is awesome, lets not 
>>> worry so much about the 'open' data sets.
>>>
>>> In Adrea's blog he is saying technology is mature now. That is 
>>> great. But these technologies have been around for a while now.
>>>
>>> The question still remains, what about the 'open' datasets amassed 
>>> till now? The 300+ datasets which everyone uses in their slides.
>>>
>>> In the blog
>>>
>>>
>>> "Yes, there is a critical mass of available LOD sources (for example 
>>> UK Ordnance Survey) and also of high-quality thesauri and ontologies 
>>> (for example Wolter Kluwer’s working law thesaurus) to be reused in 
>>> corporate settings"
>>>
>>> But they have been around for about 6 yrs? Why haven't they been 
>>> used till now besides academic playgrounds or for pure research? Is 
>>> it not good enough to be used? In the hope it will happen one day? 
>>> In your blog there is a link for use case of Linked Data. Why don't 
>>> we find same thing for Linked Open Data?
>>>
>>> (These are all questions which I have pondered about, not a criticism)
>>>
>>> I have tried collecting the use cases before for LOD 
>>> http://comments.gmane.org/gmane.org.w3c.public-lod/1575
>>>
>>> The response was limited.
>>>
>>> Happy to see the discussion, but I think the main issue seems to be 
>>> getting sidelined.
>>>
>>> Regards
>>>
>>> Prateek
>>>
>>> Note: The views expressed herein are my own and do not necessarily 
>>> reflect the views of my co-authors of the work 'There's No Money in 
>>> Linked Data' and my employer.
>>>
>>> - - - - - - - - - - - - - - - - - - -
>>>
>>> Prateek Jain, Ph. D.
>>> RSM
>>> IBM T.J. Watson Research Center
>>> 1101 Kitchawan Road, 37-244
>>> Yorktown Heights, NY 10598
>>> Linkedin: http://www.linkedin.com/in/prateekj
>>
>>
>>
>
>
> -- 
>
> Regards,
>
> Kingsley Idehen	
> Founder & CEO
> OpenLink Software
> Company Web:http://www.openlinksw.com  <http://www.openlinksw.com/>
> Personal Weblog:http://www.openlinksw.com/blog/~kidehen  <http://www.openlinksw.com/blog/%7Ekidehen>
> Twitter/Identi.ca handle: @kidehen
> Google+ Profile:https://plus.google.com/112399767740508618350/about
> LinkedIn Profile:http://www.linkedin.com/in/kidehen
>
>
>
>
>
>


-- 

Regards,

Kingsley Idehen	
Founder & CEO
OpenLink Software
Company Web: http://www.openlinksw.com
Personal Weblog: http://www.openlinksw.com/blog/~kidehen
Twitter/Identi.ca handle: @kidehen
Google+ Profile: https://plus.google.com/112399767740508618350/about
LinkedIn Profile: http://www.linkedin.com/in/kidehen







Received on Friday, 7 June 2013 15:47:57 UTC

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