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The Value of Data: Unlocking Potential and Driving Innovation

Discover the economic and societal impact of data in research and innovation. Explore the benefits, challenges, and opportunities of data sharing for researchers and research communities. Learn about initiatives and collaborations promoting data sharing and recognition.

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The Value of Data: Unlocking Potential and Driving Innovation

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  1. Cover image • Please select the cover image you require from the following selection: • 5 x Discovery stories (SN) • 5 X Transformer images (SN) • Once you have chosen the cover image move the associated Thank you page to the end of the presentation and delete all the other cover and thank you pages. • Printing • When printing the deck you can reduce ink use by selecting: • Ctrl p (print) • Change the option to greyscale Are data really the new oil? Grace Baynes, VP, Research Data & NPD ALPSPSeptember 2019 Illustration inspired by the work of Chien Shiung Wu

  2. Does data mean $ for society? Some compelling evidence of benefits to society, more is needed go.nature.com/opendata

  3. €30 billion, 50,000 jobs: Potential impacts by 2030 of the European Open Science Cloud, including the Copernicus earth observation data2 $1 trillion: Estimated contribution of the Human Genome Project to the US economy in first decade, according to a report by the Battelle Memorial Institute1 http://www.unitedformedicalresearch.com/advocacy_reports/the-impact-of-genomics-on-the-u-s-economy https://ec.europa.eu/digital-single-market/en/blogposts/open-science-underpin-innovation-europe

  4. DOES DatA MEAN $ for Research COMMUNITIES? go.nature.com/opendata

  5. A Nature survey found: >70% couldn’t reproduce the work of others >50% of researchers couldn’t reproduce their own experiments 1 US$28 billion: Annual cost of irreducible biology research2 • 1. Baker (2015) http://www.nature.com/news/1-500-scientists-lift-the-lid-on-reproducibility-1.19970 • 2. Freedman, L. P., Cockburn, I. M. & Simcoe, T. S. PLoS Biol.13, e1002165 (2015) http://journals.plos.org/plosbiology/article?id=10.1371/journal.pbio.1002165

  6. EU could save €10.2 billion per year by using FAIR data • “analysis shows that the minimum cost for the EU is €10.2 billion per year” • €4.5bn per year: cost of time spent because of non-FAIR research. • €5.3bn per year: cost of redundant storage because of non-FAIR research. • Other costs: licensing, research retraction, double funding • based on the study "Cost-benefit analysis of FAIR research data", conducted for the European Commission by PricewaterhouseCoopers (published 2019). • https://ec.europa.eu/research/openscience/index.cfm • Study DOI: 10.2777/02999

  7. Does data mean $ for ReSEARCHERS? Sharing data has benefits for researchers, and is not just a public good go.nature.com/opendata

  8. Data archiving can doublethe publication output of studies1 Research articles with open data are cited up to 50% more Gene expression microarrays2 Paleo-oceanography5 Astrophysics4 Astronomy3 Pientaet al (2010) https://deepblue.lib.umich.edu/handle/2027.42/78307 Piwowar& Vision (2013) https://doi.org/10.7717/peerj.175 Henneken & Accomazzi (2011) https://arxiv.org/abs/1111.3618 Dorch et al (2015) https://arxiv.org/abs/1511.02512 Sears et al (2011) https://figshare.com/articles/Data_Sharing_Effect_on_Article_Citation_Rate_in_Paleoceanography/1222998/1

  9. Working to understand researchers needs and challenges We are undertaking and sharing research to understand the impact of data sharing, and to understand researcher attitudes towards data sharing Published April 2019, our 5 essential factors report brings together findings from surveys with more than 11,000 researchers worldwide. Published April 2019, our 5 essential factors report brings together findings from surveys with more than 11,000 researchers worldwide. https://figshare.com/articles/Five_Essential_Factors_for_Data_Sharing/7807949

  10. Are mandates a motivator for sharing data? https://figshare.com/articles/Five_Essential_Factors_for_Data_Sharing/7807949

  11. Better credit: incentives, including research assessment 9% 46% 55% 46% 60% https://figshare.com/articles/Five_Essential_Factors_for_Data_Sharing/7807949

  12. Collaborations and initiatives to promote credit and recognition for data sharing • Data citation • Journal policies promote citation of datasets in reference lists and publishers are collaborating to implement better ways to measure and track reuse of data through citations • More recognition of data sharing in funding and promotion decisions • Datasets and software as well as papers are recognised by, for example, US National Science Foundation • Data publishing options in peer-reviewed journals • Data journals, such as Scientific Data, provide a means to gain publication credit specifically for publishing datasets

  13. Researchers have numerous practical challenges in sharing their datasets • From a Springer Nature researcher survey. Total respondents: 7719 • https://doi.org/10.6084/m9.figshare.5975011

  14. Training and education required to support best practice and answer questions https://figshare.com/articles/Five_Essential_Factors_for_Data_Sharing/7807949

  15. Example output of Research Data Support Dataset published in the Springer Nature figshare repository (https://doi.org/10.6084/m9.figshare.c.3814360) Paper published in Nature (https://doi.org/10.1038/nature23654) Data availability statement included with the paper

  16. Research Data Support pilots with Wellcome Trust In July 2018, the Wellcome Trust partnered with Springer Nature on a pilot to make our Research Data Support service available to all Wellcome-funded researchers at no cost to the researcher. • Removes the barrier of lack of funding for research data sharing • Available to anyone with a Wellcome grant or affiliated to a Wellcome centre • Researchers remain in control of what they publish and choose licence for their data • Available to all research disciplines and file formats • Makes the service freely accessible to researchers at many UK institutions • Available for research data supporting any publication in any journal or publisher https://researchdata.springernature.com/users/11717-iain-hrynaszkiewicz/posts/36248-research-data-support-pilot-for-wellcome-funded-researchers

  17. Thank you page • Make sure you have the thank you page associated with the cover image you have chosen and move this slide to the end of your presentation • Updating the footer • To update the footer: • Go the slide master via View • Scroll to the first page • Change text in the footer • Close slide master Thank you • Grace Baynesg.baynes@nature.com@grace_baynes • For more information on Research Data Support and other data-related activities at Springer Nature: • Email: researchdata@springernature.com • Website: http://go.nature.com/ResearchDataServices • Slide acknowledgements:Iain Hrynaszkiewicz, Rebecca Grant, Grace Baynes, Mithu Lucraft This presentation is licensed as CC-BY-ND

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