Data market evolution, a future shaped by FAIR
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The webinar, hosted by Ian Harrow and featuring speaker Matan Burstin, discusses the evolution of data markets and the implications for the life sciences industry. Burstin, an expert in data management and analytics, highlights the transition of various industries, such as music and news, to data services, emphasizing the importance of accessibility and interoperability. The future of data involves actionable insights, but challenges like data privacy and professional shortages persist.
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Data market evolution, a future shaped by FAIR
- 1. Data Market Evolution, afuture shaped by FAIR on Thurs, 20th Feb 2020 at 16:00 GMT Hosted by: Ian Harrow, Pistoia Alliance Speaker: Matan Burstin, Clarivate Analytics FAIR/OM projects Community of Interest webinar series
- 2. This webinar isbeing recorded
- 3. Audience Q&A Please usethe questions box
- 4. ©PistoiaAlliance Matan Burstin • MatanBurstin is Director, R&D Data Science and Informatics at Clarivate Analytics. As Data management practice leader, he leads a global multi-disciplinary team of exceptional consultants, servicing the Life sciences industry and providing solutions which combine knowledge management, software development and machine learning. • Matan has 10 years of leadership experience, guiding R&D, engineering, product and operations teams. • In his previous roles, he led the data operations department and data products management at a leading global labour market analytics company, managed an R&D team at Boston Children's Hospital under Computational Health Informatics Program (CHIP) and developed LabCorp’s first Next Generation Sequencing line of clinical products, supporting R&D bioinformatics and informatics.
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- 6. ©PistoiaAlliance Challenges: identifiers BioIT 2019- Database of host-microbial interactions (DoMI)
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- 11. ©PistoiaAlliance Challenges: accessibility andform http://discover.clarivate.com/CancerAIChallenge
- 12. ©PistoiaAlliance Data market evolution Example:The Music industry • In 2000 the recorded music industry was worth $40b • In 2010 it is worth $25b (- 40%) This is not the first time the industry goes through changes: • To 1500: music is mostly oral and social. It was free! • 1500 – 1900: music becomes written and complex. Tied to a medium, it becomes a commodity for sale. The aristocracy and the church pay for it (live pieces commissioned) • 1900 – today: music becomes recorded. Accessible to the entire population. New intermediaries appear: music labels. True Value • The song, not the album • Single source of music easily accessible on demand (iTunes, Spotify, p2p) • Ease of use (the new turntable is itunes) and discovery (Pandora) • Multiplatform: Follow the user on all devices (iTunes, iPhone, car, etc.) • New curators: Sharing (Facebook/Spotify, Apple Ping) • Recorded music: artist keep 10-15% • Live music: artist keep 60-70% Content< Content Distribution
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- 16. ©PistoiaAlliance Going CaaS byFAIR Findable Accessible Interoperable Reusable
- 17. ©PistoiaAlliance Going CaaS byFAIR @Clarivate
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- 20. ©PistoiaAlliance Future of data •Rise of “actionable data” – the missing link between big data and business value – Real time data stream (30% of all data by 2025) – Processed, structured data – Personalized – Ready for analysis “The overwhelming size of big data may create additional challenges in the future, including data privacy and security risks, shortage of data professionals, and difficulties in data storage and processing.” https://www.pewresearch.org/internet/2010/03/01/part-2-how-people-use-the-news-and-feel-about-the-news/ https://data-economy.com/the-make-of-a-15bn-mega-business-ntt-ltds-ceo-jason-goodall-on-bringing-31-companies-together/ https://www.marketwatch.com/press-release/data-analytics-market-2019-by-industry-size-estimation-industry-share-future-demand-dynamics-drivers-research-methodology-by-2023-2019-05-03
- 21. ©PistoiaAlliance Audience Q&A Please usethe questions box
- 22. Knowledge graphs andsemantic models for drug discovery and healthcare Join us for the next FAIR/OM CoI webinar: Speaker: Ilaria Maresi, The Hyve Thursday, 14th May at 16:00 GMT
- 23. [email protected] @pistoiaalliance www.pistoiaalliance.org Thanksfor your attention