Posts Tagged ‘transportation’

Open Data: The Key To $3 Trillion In Economic Value

rsz_mckinsey__company_logoThere’s money in that open data. A new report from the McKinsey Global Institute finds that machine-readable information that’s made available to others has the potential to generate significant economic value: $3 trillion annually in seven domains, to be exact.

The report, entitled Open Data: Unlocking Innovation And Performance With Liquid Information, sees the potential economic effect unfolding in education, transportation, consumer products, electricity, oil and gas, health care and consumer finance. Data becomes more liquid, the report authors note, when it is open, widely available and in shareable formats, and when advanced computing and analysis can yield from it — potentially in conjunction with proprietary data — novel insights. It doesn’t specifically mention Linked Data, but hones in on government open data platforms – including the Linked-Data infused data.gov.UK, which it cites as having had 1.4 million page views this summer – as critical to the economic good tidings. It records more than 40 countries with open data platforms, and up to 1 million data sets as having been made open by governments worldwide.

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Semanticize The Supply Chain

Turns out that supply chains need the Semantic Web, too. The iCargo project, co-funded by the 7th Framework Programme of the European Commission, was formally launched last year to help make global logistics across multiple modes of transport more sustainable, both in terms of lowered costs and greater energy efficiency.

The project is composed of multiple components, including technical tasks where semantic interoperability plays a key role in the goal of developing an open information architecture that lets real-world objects, existing systems and new apps to better cooperate with each other. Things have progressed to the point where the semantic capabilities it’s developed are to be included in prototypes debuting in May.

“Enabling interoperable supply chains could provide us better intermodal door-to-door services, and semantic technologies will provide the interoperability between services,” says Germán Herrero Cárcel, head of sector, Full Electric Vehicle & Supply Chain Sector, MRS Market, Research & Innovation at international IT services company Atos, which is coordinating the iCargo consortium of 29 organizations with experience in the field of logistics, supply chain management and ICT.

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Taking Transportation to the Next Level with the Semantic Web

A new article comments on the power of the semantic web to shape the future of intelligent transportation systems (ITS). The article states, “Web 3.0 technologies will enable ITS applications to automate data and information exchange and limit the need for human interaction. Context-aware and location-based services data linked to individual travelers will automatically interface with regional operating systems and regional traveler information systems, thus eliminating the need for human support on both the operator and end-users part. Real-time transportation data including vehicle, pedestrian and transit data will be automatically fused and processed with algorithms to establish new, next-gen regional operations platforms.” Read more