House and property data is used in a variety of ways to produce value added information within and across several business sectors, including real estate and debt collection. Such sectors suffer from a lack of innovation due to a fragmented data ecosystem which makes it difficult to access relevant datasets. This hampers innovation, protects incumbents and promotes rent-seeking business models. The difficulty in creating a single, open data market partly depends on the fact that some governmental agencies are currently making significant revenues on selling data to a restricted number of business players in the private sector. However, several studies, demonstrated that the transaction costs for government agencies tend to be very high, and often make selling the data non-profitable.
proDataMarket aims to disrupt the property data market and demonstrate innovation across sectors where property data is relevant, by integrating a technical framework for effective publishing and consumption of property-related data, showcasing novel data-driven business products and services based on property data. proDataMarket will provide a digital data marketplace for open and non-open property and related contextual data, making it easier for data providers to publish and distribute their data (for free or for a fee) and for data consumers to easily access the data they need for their businesses. The consortium is formed by large companies ensuring high-impact business cases, technology transfer providers ensuring technologies for the creation and maintenance of the data market platform, and large data providers providing data for the business cases. With strong industry involvement proDataMarket will cover a wide range of data value chains related to property data.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 644497.