Thread by @ODIHQ

Today we are launching the Smart Data Innovation Guidebook, with support from our colleagues at @beisgovuk, to help regulators, govt bodies and others implement #SmartData schemes and create value through #data innovation

Learn more: theodi.org/article/introd…

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#SmartData is the secure sharing of customer #data with authorised third-party providers, upon the customer’s request

The providers then use this data to provide innovative services for the consumer or business user, e.g. automatic switching or better account management

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#SmartData is a data portability initiative, allowing individuals to obtain & reuse personal #data for their own purposes across different services

Estimates suggest that greater personal data mobility could increase UK GDP by approx. £27.8bn pa

gov.uk/government/pub…

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The Smart Data Innovation Guidebook is the end result of lots of research & discussions with regulators, govt & large corporates – as well as industry roundtables with data users like SMEs, academic researchers & nonprofits/charities

open-data-institute.gitbook.io/draft-in-progr…

#SmartData

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The Guidebook provides guidance on the types of different #datainfrastructure that organisations can build & connect to in order to innovate with smart data – e.g. data assets, standards and organisations like #datainstitutions and intermediaries

open-data-institute.gitbook.io/draft-in-progr…

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The Smart Data Innovation Guidebook gives a brief overview of the existing #SmartData schemes – Open Banking, Open Finance, Open Communications and Open Energy – communicating the needs and benefits through #data spectrums and #dataecosystem maps

open-data-institute.gitbook.io/draft-in-progr…

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The Guidebook also contains the Innovation Programme Inventory, which lists #innovation programmes currently in place within the #SmartData ecosystem – plus those with the potential to inspire Smart Data schemes, such as the #DigitalSandbox, Open Banking ecosystem & more

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Finally, the Smart Data Innovation Guidebook provides our view of how #SmartData could evolve based on our experience with Open Banking – and how we have seen other data initiatives build a foundation, grow and mature 🌱

open-data-institute.gitbook.io/draft-in-progr…

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The Smart Data Innovation Guidebook is still in its alpha phase, so we'll be testing it this year as #SmartData is set to expand further in the finance, energy & telecoms sectors

We’re always looking for feedback from others in this space, so let us know what you think!

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#SmartData is an important part of the UK national #datainfrastructure, by providing the policy impetus for greater data portability

We’ll be looking to make this ecosystem more open and trustworthy, so come join us on our journey! 🤝

theodi.org/article/introd…

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