euBusinessGraph is our project of the week! This project aims to help discover business data more easily, creating a cross-border knowledge graph of companies, built upon innovative business products and services. Corporate information, including basic company firmographics, financials and contextual data are the foundation of many data value chains in different sectors.
The project follows three streams in order to achieve its main objective:
- The development of the business graph; create and maintain a system of shared identifiers for companies. While this should include a mechanism mapping them to existing proprietary identifier systems, the system should rely on common conceptual models (e.g., shared vocabularies and ontologies) to achieve semantic heterogeneity and avoid cross-lingual problems in company-related data.
- The business graph will be enriched/complemented by the marketplace. The point is to integrate, host, and sustain a scalable business graph data marketplace and grow an ecosystem of 3rd party applications and company-related data services. The marketplace will encompass capabilities for data cleaning, enrichment, integration, interlinking, publication, hosting, as well as serving as an entry point for company-related data discovery, exploration and analytics.
- Six data-driven business products and services are developed focusing on company-related data value chains across domains that can be replicated throughout Europe. The business cases are based on the business graph and the data made available via the data marketplace and address a variety of challenges and objectives. The individual business cases: business information, marketing and sales sector and the business publishing industry are its main focus sector; which is reflected in the project’s six business cases. They all focus on datasets containing corporate information, including basic company firmographics, financials and contextual data.
1. Provide access to corporate events data (“CED”), by leveraging the approach and provisioning the infrastructure of euBusinessGraph for integrating public corporate register data with the OpenCorporates.com database, which targets a wide range of stakeholders ranging from sales and marketing to regulators.
2. Increase the revenue generated by an existing tenders discovery service to evaluate companies participating in public administration tenders (“TDS”), currently widely used by the Italian public sector.
3. Enlarge an existing SaaS B2B lead generation service (“Atoka+”), which currently targets the Italian market (it is used by hundreds of small to medium enterprises (SMEs), banks, large corporations, and local government bodies), by expanding its coverage to two new countries (UK and Norway), and at the same time improving the data quality and coverage for all the three targeted countries.
4. Provide a novel Customer Relationship Management (CRM) service (“CRM-S”) as an extension to an existing CRM offering in Norway, enabling a new line of business for CRM vendors and allowing them to broaden their offering by integrating high-quality data from the provisioned business graph.
5. Create an innovative data journalism product (“The Screener Tool”) to improve relevance, attractiveness and factual accuracy of company related storytelling across three main workflows (find, monitor and create). The tool is targeted at general journalists and those specialising in business topics.
6. Create a Norwegian Public Registry API service (“BR-S”) to improve accessibility to four (currently disconnected) major Norwegian authoritative public-sector registers (Central Coordinating Register for Legal Entities, Registry of Business Enterprises, The Registry of Company Accounts, and Registry of State Aid), by publishing them in Linked Data format as part of the business graph provisioned by euBusinessGraph.
There are some partners behind the project; the consortium includes internationally established players in all the required key areas of expertise. It consists of both private companies, research as well as public organisations. Many euBusinessgraph partners are involved in the project on several levels. However, partners can be split into two main fields: the technology providing and the business case providing side.
The project is coordinated by SINTEF, who is also an integral component of the technology providers as are Ontotext, the Jožef Stefan Institute and the University of Milano-Bicocca. Further, the consortium consists of the following business case providers: OpenCorporates, CERVED, SpazioDati, EVRY, Deutsche Welle and Brønnøysund Register Centre.
euBusinessGraph also aims to have a fruitful exchange with other Big Data Value Projects, and thus collaborates with EW-Shopp, e-SIDES, TheyBuyForYou, BigDataStack, and is a member of the Big Data Value Association.