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A new perspective on data

Investment in IT has always focused on the technology not the data. This is because data is typically used only in the system where it is created. Therefore data is seen to "belong" to the system in which it was created.

This is a rather narrow view of data. Data, encapsulates intellectual property, lessons learnt, best practice and  history. As such, it should be seen as what it is - a business asset. Investment decisions should therefore focus not on the bells and whistle that the technology offers, but on how to unlock the value of this asset - how to make it work harder. That is, using the data for multiple purposes, by making data readily usable and sharable by those who have a need for, and are authorised to access it.

This is exactly what the Datamation uIP delivers. It creates an environment where data is shared by multiple groups, disciplines and stakeholders thus eliminating the overheads of translating data from one system to another, as is prevalent today in most companies today.

Furthermore in a Datamation uIP environment, data is held as self-contained modules. That is, making structured data readily usable and sharable within a controlled environment, not just for consumption (READ / Publishing), but also for processing (READ and WRITE). And not only used internally (corporate use), but also, seamlessly shareable with external stakeholders such as customers, suppliers, contractors, and partners, across the Internet or secure networks.

In short, the Datamation uIP frees the data from the systems where it is created and making it available for multiple uses including trading it as "content". This opens up numerous opportunities, not least, in three of the major growth areas in Internet commerce namely Open Data, Internet of Things (IoT) and Big Data.

 

Open Data

New research from McKinsey suggests that:
"$3 trillion or more in annual value could arise from the use of Open Data".

Currently connectivity is an issue as Sir Tim Berners-Lee stated in a recent interview:
“The real achievements, will come as the linking starts to happen between newly released datasets. Only then, will the true power of the web be realised.”

By delivering the connectivity as well as making structured data tradable, the Datamation uIP opens the door to harness this value.

 

Internet of Things (IoT)

Ignore the gimmicks like your fridge ordering the milk when you run out. IoT will impact every aspect of our lives as more and more devices get connected to the Internet. These range from sensors to monitor major equipment in a process plant to monitoring patients' health to smart meters in the home. It is forecast that by 2020, there will be 1.4 bn such connected devices, an increase from 0.2 bn devices in 2014!

Currently this revolution is happening in a bespoke way and in a "parallel universe" to other business data. Therefore, key challenges are to manage the collected information effectively and connecting it to other business data.

Big Data  

With the phenomenal growth of the Internet, mobile devices, social media and connected devices, the amount of data being created is growing at an exponential rate. This creates problems as well as opportunities.

Our approach of building from interoperable components helps in both these areas. First, managing complexity by dividing data into manageable pieces. This is particularly important with sensitive and personal data to ensure intellectual property and privacy are effectively protected. That is, by placing different levels of control on different types of data.

Second, by making it easier to connect data from different sources to deliver value that is not possible to get today from disjointed data. Furthermore, the enhanced / high value data can be packaged into easily marketable modules.

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