by Lauren Patterson | Feb 14, 2019 | Meeting Minutes
This meeting was via phone conference line to update the advisory board on the IoW and discuss the strategic plan and key concepts of the IoW.
by Lauren Patterson | Feb 7, 2019 | Events
The Aspen Institute and Nicholas Institute for Environmental Policy Solutions are hosting a series of roundtables about the Internet of Water in different geographic regions and with different sectors. This roundtable focused on three ongoing projects, which are all working toward laying a foundation of open and interoperable water data, and all have significant applications for water management in the Colorado River basin: the Internet of Water (IoW), the Water Data Exchange (WaDE), and the OpenET project.
by Joshua Wilson | Jan 18, 2019 | News
We are seeking a Senior Policy Associate for the IoW Project.
by Lauren Patterson | Dec 6, 2018 | Valuing Data
Funding public data Last Updated November 26, 2018 Rapid changes in technology require continual investments to update of data infrastructure and ensure data are preserved and available for future use. However, charging for data typically results in decreased usage...
by Lauren Patterson | Dec 4, 2018 | Valuing Data
Making public data FAIR Last Updated November 26, 2018 FAIR data principles have evolved from a collective effort of stakeholders seeking to make data Findable, Accessible, Interoperable, and Reusable. The Internet of Water supports the adoption of these principles....
by Lauren Patterson | Dec 4, 2018 | Valuing Data
Methods for valuing data Last Updated November 26, 2018 Brief descriptions are provided for methods that data producers, hubs, and users can use to assess the economic value of data (Table 1). Links to full descriptions are provided for each method. Table 1: Data...
by Lauren Patterson | Dec 4, 2018 | Valuing Data
Keeping Research Data Safe method Last Updated November 26, 2018 Keeping Research Data Safe (KRDS) is a method data repositories use to track their costs and benefits. While designed for research-based data repositories, the method can be modified to describe the...
by Lauren Patterson | Dec 4, 2018 | Valuing Data
Consumption-Based method Last Updated November 26, 2018 Data hubs are about sharing data and may not know how those data are being put to use. Instead hubs track the number of downloads and unique users for each dataset. A consumption-based approach to the Modified...
by Lauren Patterson | Dec 4, 2018 | Valuing Data
Decision-Based Valuation method Last Updated November 26, 2018 The Decision-Based Valuation method, proposed by J.B. Stander in 2015, seeks to estimate the relative contribution of data (similar to the Business Model Maturity Index method) while also accounting for...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Business Model Maturity Index methods Last Updated November 26, 2018 The Business Model Maturity Index method, proposed by Dell, assesses the value of data based on their relative contribution to a final outcome. This top-down approach relies on use cases and allows...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Market methods Last Updated November 26, 2018 Market Methods can be used to value data by understanding the user’s willingness-to-pay. Market methods assess the value of data as revealed through markets and experiments or as stated on user surveys. Download Market...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Modified Historical Cost method Last Updated November 26, 2018 The Historical Cost Method treats data as an asset whose value is at least equivalent to the cost of data collection. This method was modified by Moody and Walsh (1999) to account for the unique attributes...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Valuing public data Last Updated November 26, 2018 Public data are collected because they are essential to government function. Whether or not they are freely available to the general public varies between governments. Here we explore what public data are and the...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Moving towards valuation by data purpose Last Updated November 26, 2018 Data are collected for different purposes, shaping their potential value. Here we explore common costs associated with data collection and the impact of different data purposes on its attributes...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Why are data hard to value? Data as derived demand Last Updated November 26, 2018 Nobody wants data just for the sake of data. Data are valued for their end use (derived demand). When data producers and users are the same organization, assessing the value of data is...
by Lauren Patterson | Dec 3, 2018 | Valuing Data
Why are data hard to value? Data’s unique attributes Last Updated November 26, 2018 What is the value of my data? What is the value of sharing my data with others? These seem like simple questions, but data are not simple assets. The unique attributes of data making...