the value of research data to the nation

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VALUE OF RESEARCH DATA TO THE NATION DR RICHARD FERRERS: ANDS RESEARCH DATA ANALYST @valuemgmt The following is the work of Dr Richard Ferrers, and does not represent an official ANDS position.

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Using Value Theory to advise on measuring Intangible Assets

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Page 1: The Value of Research Data to the Nation

VA L U E O F R E S E A R C H D ATA T O T H E N AT I O N

D R R I C H A R D F E R R E R S : A N D S R E S E A R C H D A TA A N A LY S T

@valuemgmt

The following is the work of Dr Richard Ferrers, and does not represent an official ANDS position.

Page 2: The Value of Research Data to the Nation

O B J E C T I V E

• what is value?

• how does value apply to research data?

• how to measure value of research data to the nation?

• A technology management, value theory, service-dominant logic approach

Page 3: The Value of Research Data to the Nation

What is value?

Tangible and

Intangible assets

81%

19%

Apple

92%

8%

CSL

Page 4: The Value of Research Data to the Nation

T Y P E S O F R S C H D ATA VA L U E : I N T ’ L

• US: results of federally funded scientific research are made available to and useful for the public OSTP (2013) Exec Office of the President, White House

• UK: Data must be accessible, readily located, intelligible, assessable, usable by others. Data and literature to be interoperable. Royal Society (2012) Science as an Open Enterprise

• US: Data is a valuable national resource and a strategic asset to the US Govt, its partners and the public… strengthens democracy... promotes efficiency... improve citizens’ quality of life. (project-open-data.github.io)

• G8: use our data to fuel innovation… high in quality… enormous potential...more responsive govt and business… spur economic growth. G8 Open Data Charter: (2013)

Page 5: The Value of Research Data to the Nation

T Y P E S O F R S C H D ATA VA L U E : A N D S

• Managed | Connected | Discovered | Reused

• iPRES Keynote Oct 2014 - sharable, longer lasting (preserved), address social problems, as open as possible, answer new questions, enhances reputation

• FAIR - findable, available, interoperable, reuseable

Page 6: The Value of Research Data to the Nation

K A R L - E R I K S V E I B Y ( S V E I B Y. C O M )

“Measure for value creation, not control or PR.”

Page 7: The Value of Research Data to the Nation

•S K I L L S •B U S I N E S S P R O C E S S •R E L AT I O N S H I P S W I T H S TA K E H O L D E R S

M E A S U R E I N TA N G I B L E S

Sveiby 1997

Page 8: The Value of Research Data to the Nation

…to higher stakeholder satisfaction and impact

from low slow beginnings

up the mountain of perspective…

Value is a journey.

Page 9: The Value of Research Data to the Nation

Measure Value:

3.Stakeholder satisfaction

1.Employee satisfaction

2.Co-investment of partners —————————

our investment

(impact)(build)

(we)We build impact.

Page 10: The Value of Research Data to the Nation

P R O F X . P R O F Y.

P U B S / C I T E S /G R A N T S

H I G H M E D I U M

O P E N D ATA N I L W I D E R E A C H

P O L I C Y S O M E W I D E R E A C H

VA L U E M E D H I G H

Page 11: The Value of Research Data to the Nation

E C R A E C R B

P U B S / C I T E S /G R A N T S

M E D N I L

O P E N D ATA N I L M E D

W O R K W I T H I N D U S T R Y

M E D H I G H

VA L U E M E D M E D

Page 12: The Value of Research Data to the Nation

U N I C I T Y U N I R U R A L

P U B S / C I T E S /G R A N T S

H I G H L O W

O P E N D ATA V E R Y L O W L O W

P O L I C Y M I D H I G H

VA L U E M I D M I D / H I G H

Page 13: The Value of Research Data to the Nation

VA L U E I S A J O U R N E YT O S E E M O R E …

Page 14: The Value of Research Data to the Nation

D R R I C H A R D F E R R E R S @ VA L U E M G M T

Value is a conversation. Let’s get talking.