Re: There's No Money in Linked Data

In the Harvard Business Review March 2013 Issue is an article about The Big Idea: Big Bang Disruption about new innovations having enormous impacts on existing business models, markets and competition alike.

Such big bang innovations are about to happen in big data an cloud computing, we ourselves are about to push one globally in the international civil society of non-profits.

See: The Center for Civil Society Studies at John Hopkins University at http://ccss.jhu.edu/ to get a feel of how large this untapped market segment for goods and services is worldwide.

With a good dose of Dutch ingenuity and business mindedness we are looking at turning the intellectual property issues into opportunities.

To us linked data or LD is commercially somewhere along the vertical and horizontally connected business segments, linked open data (LOD) is subject to open licenses along all connections.

Using this operational definition it is possible to create economic and mathematical business models to finally launch metadata into cloud computing, wireless and mobile networking platforms.

The last episode of Click TV on BBC News TV showed the potential of metadata in a field that even Google has had a hard time with: organizing and searching digital image files.

Since Facebook pages and most other social media sites thrive on the use of pictures expect the use of these to push the next equivalent of the iTunes business model to explode big bang style onto the market.

Digital still images are even better suited to be properly protected than audio files.

The article was an eye opener and has made me even more convinced that there is money in linked data and even in linked open data.


 
Milton Ponson
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Project Paradigm: A structured approach to bringing the tools for sustainable development to all stakeholders worldwide by creating ICT tools for NGOs worldwide and: providing online access to web sites and repositories of data and information for sustainable development

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________________________________
 From: Pascal Hitzler <pascal.hitzler@wright.edu>
To: semantic-web@w3.org 
Sent: Friday, May 17, 2013 10:13 PM
Subject: There's No Money in Linked Data
 

We just finished a piece indicating serious legal issues regarding the 
commercialization of Linked Data - this may be of general interest, 
hence the post. We hope to stimulate discussions on this issue (hence 
the provokative title).

Available from
http://knoesis.wright.edu/faculty/pascal/pub/nomoneylod.pdf

Abstract.
Linked Data (LD) has been an active research area for more than 6 years 
and many aspects about publishing, retrieving, linking, and cleaning 
Linked Data have been investigated. There seems to be a broad and 
general agreement that in principle LD datasets can be very useful for 
solving a wide variety of problems ranging from practical industrial 
analytics to highly specific research problems. Having these notions in 
mind, we started exploring the use of notable LD datasets such as 
DBpedia, Freebase, Geonames and others for a commercial application. 
However, it turns out that using these datasets in realistic settings is 
not always easy. Surprisingly, in many cases the underlying issues are 
not technical but legal barriers erected by the LD data publishers. In 
this paper we argue that these barriers are often not justified, 
detrimental to both data publishers and users, and are often built 
without much consideration of their consequences.

Authors:
Prateek Jain, Pascal Hitzler, Krzysztof Janowicz, Chitra Venkatramani

-- 
Prof. Dr. Pascal Hitzler
Kno.e.sis Center, Wright State University, Dayton, OH
pascal@pascal-hitzler.de  http://www.knoesis.org/pascal/
Semantic Web Textbook: http://www.semantic-web-book.org
Semantic Web Journal: http://www.semantic-web-journal.net