Innovative software makes energy monitoring a breeze
The Government has published plans to establish an Open Data Institute in London.
The Open Data Institute (ODI – theodi.org), the first of its kind in the world, will become the ‘go to’ venue for those seeking to create new products, entrepreneurial opportunities and economic growth from Open Data.
The initial focus will be on nurturing new businesses exploiting Open Data for economic growth. Minister for the Cabinet Office Francis Maude said: “Our aim is to make the UK an international role model in exploiting the potential of open data to generate new businesses and stimulate growth.
“The Open Data Institute is a big step towards this. Establishing a centre of excellence and expertise in the heart of technology start-ups will support the very best UK talents to innovate and drive value from the data this government is opening up.”
Co-directed by Professor Sir Tim Berners-Lee and Professor Nigel Shadbolt, the ODI will be based in Shoreditch, East London. First announced by the Chancellor of the Exchequer in November last year and developed with help from the Technology Strategy Board (www.innovateuk.org), the government has committed up to £10 million over five years to support the ODI. Universities and Science Minister David Willetts said: “Data on areas like procurement, the quality of care homes and crime rates are already being used to provide innovative new services. Now, the Open Data institute will support businesses that want to use data in imaginative new ways for everyone’s benefit.”
Tim Berners-Lee said: “The Institute will connect together lots of people excited about Open Data. Those who produce it with those who want to put it to use in all sorts of fields and every kind of industry.”
The ODI will also engage with developers and the public sector to support the entire supply chain and build sustainability.
Nigel Shadbolt said: “The UK is now a world leader in this area and the ODI will show how value can be generated from this as well as training a generation of data entrepreneurs.”
The ODI is expected to be open for business by September 2012. It will draw on complementary sources and users of data - businesses, the public sector, academia and overseas interests – to support greater cooperation between them.
View the plan by clicking here