Whether you just launched your open data program or have had one live for many years, the importance of demonstrating the return on investment for your initiative has only grown. At Socrata, we have been fortunate to work with many pioneer organizations leading the charge to demonstrate the ROI of open data. The following are a few of our favorite examples of how open data is moving beyond the catalog and into savings for states and citizens.
STATE OF OREGON
Business Problem: Prior to open data, data from the State of Oregon trademark database was largely disseminated via CD-ROMs burned for each individual request. To eliminate this burden, the State of Oregon began researching solutions for creating an online searchable database. The presented solution from a large software provider was for over $500,000. Realizing this was out of budget, the State of Oregon had to begin researching creative solutions.
Open Data Solution: By simply loading the dataset on to data.oregon.gov, the state was able to repurpose their data across multiple web properties using the Socrata Data Player (SDP), an easily embeddable widget that allows for data to be placed on any website with a simple copy and paste function. The SDP also included a unique search filter that allowed the data to be easily queried.
Dollars Saved: $500,000
To learn more, visit socrata.com/open-data-roi
NEW YORK CITY PARKING FEES
Business Problem: Parking in New York City is already a harrowing experience. But when compounded by poor marking and inadequate signage, a small block of Forsyth Street became one the city’s greatest sources of parking fees.
Open Data Solution: By publishing anonymized parking fee data, the fact that one city block was generating an exorbitant amount of the fees became apparent. One intrepid individual researched this issue and found that poor street markings confused many about the parking restrictions for that block. By adjusting the signs to be more apparent, the city was able to save residents $50,000 amount in parking fees annually.
Dollars Saved: $50,000 Annually
ALAMEDA COUNTY HACKATHON
Business Problem: Alameda County recognized that the current methodology for verifying and storing invoices was draining county resources. At nearly 40 hours per invoice, verifying each invoice was a time intensive process.
Open Data Solution: During RethinkAC, an apps challenge that the county was holding, county officials recognized the opportunity to challenge civic developers to find a better solution to this problem. The developers responded and found a way to reduce the average time per invoice from 40 hours down to eight hours, while also saving the county over $500,000 annually in scanning and storage costs.
Dollars Saved: $500,000
What’s your open data ROI? Connect with us for an opportunity to have one of our open data consultants identify ways you can demonstrate the ROI of your open data initiative.