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>
> *To:* Prateek <jainprateek@gmail.com>
> *Cc:* public-lod@w3.org; Semantic Web <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
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