Opertus Mundi closes 2021 with a key panel discussion at the EBDVF
11—Jan—2022, by Intza Balenciaga
The European Big Data Value Forum (EBDVF) gathered once again in 2021 to bring together industry professionals, business developers, researchers, and policymakers from all over Europe and worldwide to advance policy actions, industrial and research activities in the areas of Data and Artificial Intelligence (AI). The European Commission (DG CNECT) and the Big Data Value Association selected inspiring sessions like the one organised by Opertus Mundi under the theme: “Digital Transformation powered by Data and AI”. Due to COVID-19 restrictions, the EBDVF 2021 was held online and in Ljubljana as an associated Slovenian EU Presidency event.
Discovery and Pricing Data in Data Marketplaces: Challenges and Opportunities
With the purpose of increasing awareness and discuss the top challenges in discovering and pricing data in data marketplaces, the Opertus Mundi team led by Asterios Katsifodimos (Delft University of Technology) organised the panel discussion entitled “Discovery and Pricing Data in Data Marketplaces: Challenges and Opportunities” inspired by the Topio marketplace as the central hub to explore, trade and use proprietary and commercial assets and value-added services. Since the rise of data marketplaces in inevitable to enable digital economy and digital transformation in Europe, the panel discussion addressed relevant questions on how we can explore data marketplaces to find datasets and their inter-relations, how we value or put prices to data assets, or whether discovery increases the value of datasets and if this added value should also be reflected in dataset prices. As data marketplaces increase their added value, they have to offer search, discovery, integration, and pricing services for the datasets they offer. Nonetheless, both discovery and pricing of information are still challenging tasks.
During the discussion, the panel speakers composed by Prof. Ziawasch Abedjan (Leibniz University Hannover), Matteo Lissandrini (Aalborg University) and Yannis Velegrakis (Utrecht University) shared their insights into the latest developments in collecting automated metadata, data discovery and pricing for data marketplaces, concluding with the challenges and possible solutions or opportunities for them. On the one hand, Yannis Velegrakis underlined that data marketplaces can do more than just data: “think, for example, about the services of providing specific answers/executing data-centric tasks without providing the data as well as the dynamic linkages that are context dependent”. On the other hand, the relevance of the value of data was highlighted by Prof. Abedjan, who stressed that “relevance goes beyond content match and keyword search: for instance, the correlations and the benefit to the machine learning you are building”. Likewise, Matteo Lissandrini pointed out that “Knowledge Graphs are key enablers to provide proof of relevance”. For more information, watch the full panel discussion below.
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