Financial open data - South Korea - 2014-09-18

8/11/2019 Financial open data - South Korea - 2014-09-18

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@ianmakgill @spendnetwork

Open data and government financesMaking Transparency Work - 2014.09.18


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1. Who am I?

2. Why make financial data open?

3. How to make finance data open?

4. Why we need open data businesses


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1. Who am I?





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I know more about governmentspending than government does.


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The ideal open financial data environment

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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1. Who am I?





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Spend with SMEs

01/04/2011 01/09/2011 01/02/2012 01/07/2012 01/12/2012 01/05/2013 01/10/2013



Spend: budget management

0.00

6,000,000.00

12,000,000.00

18,000,000.00

24,000,000.00

Apr 2011 Aug 2011 Dec 2011 Apr 2012 Aug 2012 Dec 2012 Apr 2013 Aug 2013



Monitor supplier performance

0

15,000,000

30,000,000

45,000,000

60,000,000

May 2013 un 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013

CAPITA BUSINESS SERVICES LTDCAPITA RESOURCING LIMITEDCAPITA PROPERTY AND INFRASTRUCTURE LIMITEDCAPITA HARTSHEAD BENEFIT CONSULTANTS LIMITED



Monitor a category

Comensura (38.4%)

Matrix SCM (16.6%)

Randstad (8.0%)

Hays (7.2%)

Manpower (5.9%)

Pertemps Group (4.9%)


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Monitor tender performance

50

100

150

200

250

2010 2011 2012 2013

Germany Greece Netherlands Poland United Kingdom


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Monitor the burn on every budget and contract


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1. Who am I?





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The ideal open financial data environment

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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A total register of all public entities

Govt

Register

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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And for companies too (opencorporates.com)

Company

Register

Budgets

Projects

Tenders

Contracts

Transactions

Receipts
http://opencorporates.com/


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Then we can know who bought from whom

Company

Register

Govt

Register

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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To know what was bought we build in categorisation

Company

Register

Govt

Register

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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Where we are in the UK.

Company

Register

Budgets

Projects

Tenders

Contracts

Transactions

Receipts


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As well as this, you have to validateevery entry for errors and omissions.


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1. Who am I?





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An open data entrepreneur sees anopportunity to work with the data.

Theyre not commissioned by Government,they just see the opportunity and take it.


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When an open data entrepreneur builds abusiness with your data, you get:

Investment

Commitment

Validation

Insight

As well as economic growth and new jobs.


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Government has to be patient, it may take awhile for entrepreneurs to build products.

Follow the ODI model for incubation

Run innovation competitions Seed fund for specific outputs Be glad for businesses to get rich

from open data.


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www.spendnetwork.com

_

[email protected]
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Documents

Financial open data - South Korea - 2014-09-18