Innovation Alphabet
Open Data
In a nutshell
There is nothing to hide. To ensure transparency and quality of information, the citizens of a country must have free access to relevant information on the functioning of the Public Administration, released in the form of open data. That is, data that can be freely used, modified, and shared by anyone and for any purpose, to foster public control over administrative performance.
Application Fields
• Public Administration: The area on which the interest in the Open Data initiative relies is that of public administration, as it relates to taxes paid by taxpayers: data related to the budget reporting of one’s municipality or those concerning traffic, pollution and education represent a resource that every citizen has the right to access. The dissemination of information is capable of opening up new scenarios and could result in more efficient service delivery.
• Transportation: Open data is an important tool serving the community to optimize transportation and mobility in city environments. Meaningful data concerns the demand for public transportation, the supply of services, and the production characteristics of those services. They can cover the scheduled timetable and its temporary changes, human and material endowments, attendance surveys, and economic-management databases of companies.
• Meteorology: Weather data can be accessed through open and free platforms to inform citizens about a range of quantities of common interest. This includes water level, precipitation, temperature, humidity, wind speed and direction, and so forth.
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Industries
• Open data in the transportation industry
The Italian Ministry of Infrastructure and Transport has activated OpenCantieri. It is a platform that brings together data on the progress of public works (roads, railways, subways, etc.). Thus, it is possible to learn about “priority” interventions currently underway, interventions on roads and highways, and open construction sites in port and airport areas. The government wanted to lay the groundwork for an inclusive policy that encourages civic control and direct collaboration in the administrative life of the Ministry itself.
• Open data in the cultural industry
Ireland’s national open data portal provides access to over 10,000 government datasets. Since 2019, health-related open datasets have been of particular interest, including, most notably, information related to coronavirus outbreaks. The pandemic has led to a marked increase in the number of views and downloads of data provided by hospitals, pharmacies, and nursing homes.
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Check out more of the Innovation Alphabet:
3D Printing
3D Printing
“3D printing” is a process carried out by an electronic device which, instead of resorting to the canonical ink, it molds almost any kind of material: from concrete to living tissue, most usually plastic, but also metal. And the operating principle is similar to that of a traditional printer. The creation of three-dimensional models can lead to the redesign of a company’s production capabilities.
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5G
5G
5G is the new frontier of cellular telephony. It was designed to improve (or completely replace) previous generations of mobile networks. The 5th generation features lower latency, ensuring flawless performance of business applications and many other digital experiences – thus enabling the new cultural generations to furiously play Fortnite away from home.
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Advanced Analytics
Advanced Analytics
The term “Advanced Analytics” refers to the ability to autonomously or semi-autonomously analyze data and content to identify correlations, develop analyses, predictions, and recommendations. It is not just a matter of collecting information and then organizing it into watertight compartments: the ultimate goal is to identify a dialogue pattern from a data-driven perspective.
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Agile
Agile
Agile is an approach to software development designed to respond to change. Teams quickly analyze the context in which they operate, identify uncertainties faced, and figure out how to adapt to always move forward. Interaction between individuals comes before processes and tools; collaboration with the customer is more important than negotiating contracts.
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Ansoff Matrix
Ansoff Matrix
The Ansoff Matrix is a marketing planning model that arises from the intersection of new and existing products and markets. It derives four possible strategies for expanding the company’s market, which are built around four variables with a changeable factor of risks and possibilities: existing product, new product, existing market, new market.
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Artificial Intelligence
Artificial Intelligence
Artificial Intelligence is not strictly defined. Basically, it is a computer system able to make decisions in an independent and flexible way. A good AI application can perform everyday tasks better than an average person (e.g., identifying other people from their photos on social media or beating the best chess player). Nothing to fear, then. Unless you are a chess champion.
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Artificial Scarcity
Artificial Scarcity
We often tend to desire what we cannot have. Or what we are in danger of losing: Artificial Scarcity is a strategy that flaunts a limited number of items that do not correspond to actual availability. The goal is to stimulate the perception in consumers that the stock of items is about to run out and thus create a need based on the “fear of being cut off” or the intention to buy the item in order to resell it at a higher price.
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Attack Surface
Attack Surface
The term attack surface refers to the part of a system that may be subject to attack or breach by hackers. The smaller that surface is, the easier it will be to protect it. Indeed, the Internet is an ocean of deep, dark waters: those who navigate it must be aware that they are exposing themselves to a flood of digital risks. Yet, ironically, we do not need a big boat to shelter us.
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Augmented Reality
Augmented Reality
Augmented Reality is an ever-evolving technology that overlays multimedia information on top of our common sensory horizon to gain a deeper understanding of our surroundings. No, it doesn’t allow you to step out of the Matrix dream simulation, nor can it be accessed by swallowing a red pill. But neither is it the disturbing experience of the Playtest episode of Black Mirror.
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Balanced Scorecard
Balanced Scorecard
In business, as in life, you need balance. The Balanced Scorecard is a holistic tool for strategic management. It offers, in fact, the possibility of assessing corporate performance in its wholeness. An overview that embraces four perspectives: the business/financial side, customers and stakeholders, internal processes, and learning and growth.
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