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Re: There's No Money in Linked Data

From: Gannon Dick <gannon_dick@yahoo.com>
Date: Fri, 7 Jun 2013 08:25:32 -0700 (PDT)
Message-ID: <1370618732.79121.YahooMailNeo@web122904.mail.ne1.yahoo.com>
To: Kingsley Idehen <kidehen@openlinksw.com>, "public-lod@w3.org" <public-lod@w3.org>
Cc: Semantic Web <semantic-web@w3.org>
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.  The math works fine if correctly applied.  Don't expect your Smart Phone or Robotic Agent to have a Banker's expectations, they are much too logical for that :-)
--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>
>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> 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>
>>Date: Wed, Jun 5, 2013 at 7:16 PM
>>Subject: Re: There's No Money in Linked Data
>>To: public-lod@w3.org, Semantic Web <semantic-web@w3.org>, 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 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 15:26:01 UTC

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