Slides from presentation on Datanomics Costs, Benefits, and Value of Research Data. His description of the slides:
- Getting data in takes about Half of the lifetime costs, Preservation about a sixth, access about a third.
- Preservation costs decline over time.
- Fixed costs are significant for most data archives
- Staff are the most significant Proportion of archive costs.
The KRDS Benefits Framework. Benefit from Curation of Research Data. Framework arranged on 3 dimensions.
THE ANATOMY OF A BENEFIT Triangle
- What is the outcome?
- When is it received?
- Who benefits?
Economic Metrics Used
- Investment Value Amount spent on producing the good or service
- Use Value Amount spent by users to obtain the good or service
- Contingent value: the amount users are “willing to accept” in return for giving up access
- Efficiency gain: user estimates of time saved by using the Data Service resources
- Return on investment: the estimated increase in return on investment due to the additional use
- Rate of loss of research data sets: 17% per annum
- Partial information loss: 7% per annum
- Rate of loss for web-links to data: c. 5.5% per annum
- Access / Data requests fulfilled
- Delay in elapsed time to fulfill data requests. Up to 6 months
Recommendations: Investigate the relative costs and benefits of curation levels, storage, or appraisal for what to keep.
“Five or six decades since the beginning of the Information Age, the namesake of this age, and the major asset driving today’s economy, is still not considered an accounting asset”
“Corporations typically exhibit greater discipline in tracking and accounting for their office furniture than their data”
Use cost data to look for trends, leverage our efforts, investigate the relative costs and benefits of curation levels, storage, and look towards hierarchical curation management.