Community Research and Development Information Service - CORDIS


proDataMarket Report Summary

Project ID: 644497
Funded under: H2020-EU.

Periodic Reporting for period 1 - proDataMarket (Enabling the property Data Marketplace for Novel Data-driven Business Models)

Reporting period: 2015-03-01 to 2016-08-31

Summary of the context and overall objectives of the project

Property-related data (e.g., public records of property, ownership related data, cadastral data, data on buildings and land parcels, land use data, property prices, statistical data on property transactions, etc.) are one of the most valuable datasets managed by governments worldwide and extensively used in various domains by private and public organizations. Unfortunately these data are not always easy to access. House and property data are used in a variety of ways to produce value added information within and across several business sectors, including real estate and debt collection. Such sectors suffer from a lack of innovation, partly due to a fragmented data ecosystem which makes it difficult to access relevant datasets. This hampers innovation, protects incumbents and promotes rent-seeking business models. The difficulty in creating a single, open data market partly depends on the fact that some governmental agencies are currently making significant revenues on selling data to a restricted number of business players in the private sector. However, several studies, demonstrated that the transaction costs for government agencies tend to be very high, and often make selling the data non-profitable.
The creation of a single, coherent and open data-centric ecosystem that revolves around an online data market would allow data producers across Europe to easily disseminate their datasets and facilitate data consumers across different sectors to more easily find and access the data they need to create value-added products and services. proDataMarket aims to create a data marketplace for property-related data and disrupt the property-related data market across Europe, demonstrating innovation across sectors where property-related data value chains are relevant, by leveraging and transferring technologies from the emerging Data-as-a-Service, Linked Data and Open Data domains.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

For Period 1 the actions to meet this objective have been taken in the development of the proDataMarket platform as an extension to DataGraft. The proDataMarket platform provides various improvements towards the realization of a property-related data marketplace as well as to accommodate the business cases developed in the project, including improved tools for data management (geospatial data transformations, versioning, asset sharing) and data exploration (augmentation and visualisation), and a more reliable and available cloud-based data hosting infrastructure (support for geospatial indexing and querying). Additionally, we identified, analysed, and provisioned relevant datasets within the domain of real estate and property data marketplaces. We have exposed these datasets to third parties, potential data consumers, via a catalogue and provided basic data discovery capabilities, including metadata view, data preview, query and exploration. These functionalities are enabled by datamarket. Based on those datasets, during the first period, the project demonstrates the design and iterative implementation of a set of novel data-intensive business products and services.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

proDataMarket advances the state of the art in the area of technical infrastructures for data marketplaces as well as in the specific domains of each individual business case.
During the first period the proDataMarket platform has been developed and integrated a number of tools for effective publishing and consumption of property-related Linked Data, enabling richer ways to transform and query data, easier interlinking and mapping between datasets, and provisioning of the data for the business cases.
Each business case advanced the state of the art in their respective domains by designing and implementing a concrete innovative product or service. In particular, the project produced a service to estimate the value of corporate real estate property portfolios resulting in a more objective estimation of property prices, which is accompanied by a visualisation service for improved exploration and analysis of potential real estate investments and marketing potential of a specific territory. Another product of the project is an improved Common Agriculture Policy (CAP) fund assignment service, which enables the reduction of incorrect CAP grants assignments. Furthermore, the project developed a “State of the Estate” service pilot, which enables better efficiency and sustainability of public estate, combined with a risk and vulnerability analysis service supporting the risk and vulnerability analysis in the planning process of construction and maintenance projects. Finally, the project provides two property related mobile applications leveraging augmented reality technology: one for displaying relevant infrastructural information for workers in property development, and another one for plotting building designs for easing the process of documentation and negotiation of building permits requests.

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