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...
