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Skip to 0 minutes and 0 seconds[INSTRUMENTAL MUSIC] I'm delighted to be joined by Justin of DueDil, and Justin's going to tell us a little bit more about open data and his organisation Great. Hi, Tom. My name's Justin Fitzpatrick. I'm the co-founder and COO of Duedil. So at DueDil, we're building a more open and connected economy, and one of the key inputs for that is open data. So we're on a mission to build the world's largest source of connected company information. We bring together authoritative data sources from across the world to create profiles of companies and the people who run them. And our customers use this information to help them find opportunities and mitigate risks.

Skip to 0 minutes and 50 secondsYes, so I think we're living in an age now where people are kind of defaulting to open. And what I mean by that is that the expectation that people have, whether it's of their politicians or of government, is that they will be transparent. I think that's probably one of the reasons why we've seen such a strong backlash to some recent events where we have allegations of fake news and people not really believing statistics or information that's coming out of government. And I think being more open and transparent and having mechanisms for the dissemination of that information is probably the best way that people in society can stay informed. And we can also hold our leaders accountable.

Skip to 1 minute and 37 secondsIn terms of open data, it's growing. It's becoming more important, more popular. It's increasingly more international. What do you think the next big change is? The next big opportunities for open data? Yes, so I mean, standardisation, I think, is a big thing. We've seen standards, whether it's ISO certifications or standards across economic regions playing a big role in helping businesses and companies to scale. And so we've had a number of initiatives now around the world, whether it's in the US, or in the United Kingdom, or other countries that are sort of embracing the open-data movement. But I don't think that they're kind of quite as coordinated as they could be.

Skip to 2 minutes and 25 secondsAnd so by sort of pulling those different initiatives together, laying out a set of common standards, that will allow for greater interoperability between datasets, and ultimately, expand the scope for what's possible by bringing these datasets together. And that's a big part of what we do a DueDil. [INSTRUMENTAL MUSIC]

How is Open Data used by small businesses and start-ups?

Open Data can be used in start-ups and small businesses in different ways, by enabling the development of new products and services. Let’s see how Duedil, a fast growing tech business, benefits from the use of Open Data. Justin Fitzpatrick gives us his story…

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Using Open Data for Digital Business

Royal Holloway, University of London

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