LinkedIn: The B2B iTunes Store?

Post by: Russell Perkins, ICG

Although LinkedIn now benefits from lots of buzz and momentum, it needs to remain fresh in the eyes of users and give them a reason to interact with LinkedIn as frequently as possible, and to continue to deliver back some tangible value as well. LinkedIn thinks it can address all three of these requirements with content.

As Deep Nishar, the company’s SVP of Products and User Experience puts it:

“We believe LinkedIn can be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content.”

So is LinkedIn positioning itself to become sort of an iTunes for professional content?

Read more here.

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Cleaning Up by Cleaning Up

Post by: Russell Perkins, ICG

Russell Perkins, ICG

Selling publicly available SEC data consists as a challenge and an opportunity that exists in many public datasets today. Yup, get it free from the SEC, or buy it through Equilar. How does that work?

As data publishers well know, an approach like this usually doesn’t work, unless you find a way to add value. Equilar, a $20+ million data publisher managed to do this, in spades. Equilar deals in executive compensation benchmarking data, where making it comparable and getting the data right is the basis for an incredible business, and getting it wrong is the basis for going out of business. 

 Read more here.

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Learn more about Data and Content  through the following activities and upcoming events:

Summary of the Data Bootcamp for Publishers

 

Russell Perkins, ICG

During the Data Content Boot Camp, Russell Perkins, Founder & Managing Director at InfoCommerce Group, Inc. discussed how organizations can maximize data content opportunities through an understanding of data basics: What is Data? Why is Data important? Whether Data is important for your business? Where Data comes from? And which Organizations are suited to be in the Data Business?During the session, Russel Perkins provided a great introduction for anyone interested in data and how to build high-value data products. He also offerd insights on how organizations can turn data into content, how it impacts their publishing business, and how they can leverage data to create new products.

The full recording of the Data Content Bootcamp session is available here.

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Learn more about Data and Content  through the following activities and upcoming events:

 

SIIA Partners with ITIF on Data Innovation Day

SIIA is happy to announce that they will partner with the Information Technology and Innovation Foundation (ITIF) for Data Innovation Day, coming tomorrow, January 24, 2013.  Data Innovation Day works to raise awareness about the benefits and opportunities that come from increased use of information both by individuals and the public/private sector.

This year’s theme is “Big Data. Bigger Opportunities.”

As part of Data Innovation Day, ITIF will host panel discussions in DC on how government agencies are using data to make government work more effectively and efficiently, as well as highlighting interesting examples of how data innovation is transforming different sectors of the economy. DMA will also host a virtual event to celebrate data-driven marketing innovation – and to engage data-driven marketers in the growing data debate that is taking shape in Washington and around the world. For more information, visit the Data Innovation Day schedule of events.


Tracy Carlin is a Communications and Public Policy Intern at SIIA. She is also a first year graduate student at Georgetown University’s Communication, Culture and Technology program where she focuses on intersections in education, video games and gender.

CNSX Markets Named Outstanding Data Provider by FISD

FISD presented the 2012 Outstanding Data Provider Award to CNSX  Markets Inc.,  operator of the Canadian National Stock Exchange and Pure Trading. The award was presented at the FISD General Meeting in New York on December 18.

This award was created by the FISD Service Level and Communications Working Group to recognize the exchange or data provider that most closely adheres to the Working Group’s Best Practice Recommendations. These recommendations are guidelines for communication and notification sent by exchanges and information providers to their customers and downstream distribution partners for events such as system upgrades, administrative and policy changes, new product introductions, and unplanned interruptions.

Other nominees for this year’s award were BATS Chi – X Europe, Johannesburg Stock Exchange, and Oslo Bors.


Laura Greenback is Communications Director at SIIA. Follow the SIIA Public Policy team at @SIIAPolicy.

What Arthur C. Clarke Imagined: The Intersection of Technology and Content

Keith Cooper, CEO, Connotate, Inc.

Keith Cooper, CEO, Connotate, Inc.

Post by Keith Cooper, CEO, Connotate, Inc.

“Imagine a console in your office that will bring the accumulated knowledge of the world to your fingertips.” This is Arthur C. Clarke’s uncanny prediction, published in an April 1970 Popular Science article by Wernher Von Braun.1The prediction came true-and that console is your Web browser.

What Now?

As we approach the 2013 IIS Conference, much attention will be focused on the constantly evolving intersection of content and technology. As Clarke predicted, the world’s accumulated knowledge is indeed just keystrokes away, but the traditional business model has been to charge for content … and Web data is “free”. What now?

Timeliness-Aggregation-Validity.

If you want to profit from “free” Web content, you need to understand and leverage three salient characteristics of Web data identified by Dave Schubmehl, Research Manager at IDC.

  • Timeliness: If you can consistently capture and disseminate information about market-moving events faster than other content providers, you can charge a premium price. Automating Web site change detection into your workflow can enable this.
  • Aggregation: Leverage the Web’s volume of data. Aggregate and analyze this volume in unique ways to reveal patterns and trends. You can command a pretty penny if you can provide transparency into non-transparent markets, for example.
  • Validity: The Web is filled with spam and bias. Discover and leverage the difference between surface Web(content turned up by Google) and Deep Web (unindexed content) where content is less biased and more valuable, and you’ll uncover revenue potential.

As the CEO of Connotate, I work with established global leaders such as Thomson Reuters and the Associated Press, as well as up-and-coming startups such as Altitude Digital Partners-all of whom have fashioned their own techniques for harnessing Web data profitably by focusing on these three aforementioned characteristics. While I don’t own a crystal ball, I can easily predict that 2013 will reveal new and even more creative and profitable uses of “the world’s accumulated knowledge.”

Looking Ahead

I am constantly amazed at the genius of visionaries such as Arthur C. Clare, Tim Berners-Lee and many others who envisioned the extraordinary power of marrying content and technology to achieve breakthrough results. I anticipate IIS 2013 to be a great opportunity for exploring new and profitable ideas in content delivery.

1. Von Braun, Wernher. “TV Broadcast Satellite,” Popular Science, May 1970, pp. 65-66.

 

Supreme Court Agrees to Hear Key Case on Access to State Data

At a time when there are overwhelming reports citing the opportunities of data to revolutionize how we do business, communicate and live our lives, there is a major battle taking place in the courts regarding access to state public records information.  As surprising as it may seem, the case of McBurney v. Young promises to determine whether a state may preclude citizens of other states from accessing public records that the state affords its own citizens.  Last Friday, the Supreme Court agreed to hear an appeal of the case.  In August, SIIA joined with a Coalition of companies and association in filing a brief urging that a state’s restriction of access to public data is violation of Constitution’s commerce clause and would have a chilling effect on the flow of critical public records data and the innovation that can be derived from them.

Of course, this isn’t a new issue.  For years SIIA and other advocates of access to public records data have been vigilant in combatting state laws and policies that preclude access to public data.  What is surprising is that this case comes now, at a time when there is broad recognition of the opportunities provided by “big data.”  Just last month, the National Association of State CIOs (NASCIO) released a report citing the opportunity for states in data analytics:

State government may be described as an enormous data generation engine. And the sky is the limit in terms future data generation based on the growth in mobile applications, sensors, cloud services and the growing public-private partnerships that must be monitored for performance and service levels. The challenge is that many state government agencies are still being run as islands of information versus members of a single state government enterprise. The result is state government is not fully exploiting the data it has at hand.

And the report goes on to say that:

Enterprise architecture becomes even more important as the organizational structure of government encompasses more public-private partnering.

So at a time when states should be capitalizing on the benefits of the data they collect, Virginia and other states are living in the past, trying to hold their data close and restrict access for no good reason.  Lets hope the Supreme Court gets this one right, or the roadmap could be set for states to keep driving around in the dark.


David LeDuc is Senior Director, Public Policy at SIIA. He focuses on e-commerce, privacy, cyber security, cloud computing, open standards, e-government and information policy.