The Data Conundrum: Cost Centre or Profit Opportunity?

1. 9 September, 2019 Data—cost centre or profit opportunity? ALPSP - September 2019

2. The data conundrum in a nutshell #JiscRDM

3. The data conundrum in a nutshell The data conundrum in a nutshell Cost Cost #JiscRDM Images of Money https://www.flickr.com/photos/59937401@N07/5474155241

4. The data conundrum in a nutshell The data conundrum in a nutshell #JiscRDM Value by Nick Youngson CC BY-SA 3.0 Alpha Stock Images http://www.nyphotographic.com/

5. The data conundrum in a nutshell The data conundrum in a nutshell It costs to keep… It costs to keep… #JiscRDM

6. The data conundrum in a nutshell The data conundrum in a nutshell Future value? Future value? #JiscRDM

7. The data conundrum in a nutshell The data conundrum in a nutshell Risks Risks #JiscRDM

8. The data conundrum in a nutshell The data conundrum in a nutshell #JiscRDM

9. The data conundrum in a nutshell The data conundrum in a nutshell #JiscRDM Value by Nick Youngson CC BY-SA 3.0 Alpha Stock http://www.imagecreator.co.uk/

10. The data conundrum in a nutshell The data conundrum in a nutshell #JiscRDM

11. Specifics—What is the problem for institutions? It’s information Jim, but not as we know it… 01 02 Where? This is an area that impacts widely. Scratch the surface and all sorts of hidden, unregulated data comes to light  What? Institutions have insufficient understanding of the data that they generate and store  03 04 Value? Institutions have insufficient understanding of the value of the data that they generate and store  Risk? The risks associated with data loss or exposure are misunderstood at best, ignored at worst 12 #JiscRDM

12. To paraphrase Jessy J… #JiscRDM Its ALL about the money, money money (despite what Jessie J says)

13. Information valuation models (Derived from Gartner Information Valuation Models*) Intrinsic Value Cost Value How correct, complete and exclusive is this data?. What would it cost us id we lost this data? £ Business Value Market value How good and relevant is the data for specific purposes?. What could we get from selling, combining or trading this data? Performance Value Economic Value How does this data affect key business drivers. How does this data contribute to our bottom line? • (*https://www.gartner.com/doc/3106719/ - Document ID: G00277972) Risk (negative) Value Insurance value How could we be damaged if this data were to be lost or exposed inappropriately?. Can we insure this data? If so what is the underwriters valuation?

14. The end game… • In an ideal world institutions will…. Know what data they have Realise its value Know where their data is Be aware of and compliant with regulations • Use appropriate systems and have their data organised Be aware of and use appropriate services Know its value

15. How do we get there? Puzzled kitty by David Kessler https://www.flickr.com/photos/plasticrevolver/164351244

16. Questions RDSS Pilots Dy September 2018

17. Paul Stokes www.jisc.ac.uk/staff/paul-stokes Twitter: @puckofpookshill Paul.stokes@jisc.ac.uk One Castlepark, Tower Hill, Bristol, BS2 0JA T: 07595 056606