Cost of not having fair research data

Author: cmwj

August undefined, 2024

WebEuropean Commission which estimates the cost to the EU member states of not having FAIR research data to be a minimum of € 10.2 billion per year with a significant portion of this (around 96 %) being due to duplication of effort and storage [13]. In a digital context, FAIR means describing data outputs such that they are machine-action- WebApr 19, 2024 · A European Commission study found that the annual cost of not having FAIR research data costs the European economy at least €10.2billion every year. …

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WebJul 20, 2024 · It is estimated that the European economy loses more than €10.2 billion euros per year owing to a lack of FAIR data, based on five quantifiable indicators: time spent, cost of storage, license costs, research retraction and double funding. I believe that improving the amount and quality of metadata will improve overall productivity, reduce ... WebMar 9, 2024 · The main conclusions of that report are that: i) the cost of NOT having FAIR data is approximately €10.2bn per year for the EU; ii) in addition, the open data … grimsby deaths 2021

How sharing your data could increase your citations Research …

WebMay 17, 2024 · There are many studies available about the economic cost of not having FAIR data. For example this Cost-benefit analysis for FAIR research data: doi … WebAug 6, 2024 · Having a sound data collection methodology and approach can really set your data science project up and running in the best way, while getting the best possible … WebJul 20, 2024 · In 2024, the European Commission did a cost-benefit analysis of fair research data. They found that the estimated cost of not having the research data far … grimsby death announcements

Data Management Plan (DMP) - Guidelines for researchers

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Webexternal link. , a data cleaning service costs from €270 to well over €1800. - Research/data manager at level 2 salary (~60 euro per hour). - Data cleaning takes time. - If you carry out data clearning as part of data entry … WebFollowing this approach, we found that the annual cost of not having FAIR research data costs the European economy at least €10.2bn every year. In addition, we also listed a number of consequences from not having FAIR which could not be reliably estimated, … fifty fifty wikiWebJun 29, 2024 · The EU revealed that this lack of FAIR (Findable, Accessible, Interoperable, Reusable) research data and associated metadata is costing the European economy at least €10.2bn every year. 1 Furthermore, by drawing a rough parallel with the European open data economy, it concluded that the downstream inefficiencies arising from not … fifty fifty wikidrama

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Cost of not having fair research data

WebOct 25, 2024 · It has been estimated that not having FAIR research data costs the European economy at least €10.2 billion per year . As such, governments [ 9 ], … WebMar 9, 2024 · The main conclusions of that report are that: i) the cost of NOT having FAIR data is approximately €10.2bn per year for the EU; ii) in addition, the open data economy suggests that the impact on innovation of FAIR could add another €16bn to the minimum cost estimated; and iii) that would make a total of at least €26.2bn per year.

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WebAug 24, 2024 · European Commission. cost-benefit analysis for FAIR research data—cost of not having FAIR research data; brussels, 2024; ISBN 978-92-79-98886-8. Wilkinson MD, Dumontier M, Aalbersberg IJ, Appleton G, Axton M, Baak A, Blomberg N, Boiten JW, da Silva Santos LB, Bourne PE et al (2016) The FAIR guiding principles for scientific … WebPublications Office of the European Union

WebFAIR Concepts • A fundamental principles to make research data : • Not having FAIR costs the European economy € 10. 2 billion (EC, 2024) • • Wilkinson, M. D. , et al. , The FAIR Guiding Principles for scientific data management and stewardship. 2016. COMMISSION, E. 2024 a. Cost-Benefit analysis for FAIR research data - Cost of not ... WebJun 8, 2024 · For researchers, a straightforward conclusion is to share your research data and to link it to your research publication. In addition to policy compliance and …

WebMar 11, 2024 · As the volume of data and the number of use cases continue to grow exponentially in life sciences, the lack of reusability needs to be addressed urgently. In May 2024, the EU published a report estimating that not having FAIR (Findable, Accessible, Interoperable and Reusable) research data costs the European economy at least … WebOver 2 years, the mean diabetes-related cost per person was: €1291.56 in patients with excellent control; €1545.99 in those with good control; €1584.07 in those with fair control; €1839.42 in those with poor control; and €1894.80 in those with very poor control. After adjustment, compared with the group having excellent control, the ...

WebJul 12, 2024 · Cost-benefit analysis for FAIR research data: cost of not having FAIR research data. Report for the European Commission, Directorate General for Research and Innovation, Report no. KI-02-19-023-EN-N, 16 January 2024. Luxembourg: Publications Office of the European Union. Google Scholar

WebSep 22, 2016 · Bad Data Costs the U.S. $3 Trillion Per Year by Thomas C. Redman September 22, 2016 Consider this figure: $136 billion per year. … fifty fifty wilsterWebThe cost of not having FAIR1 research data has been estimated to more than 10 B€ every year2 for Europe. This action should allow a step change across scientific communities and research infrastructures in Europe towards open sharing, seamless access and reliable re-use of data and all other digital objects produced ... grimsby delivery officeWeb12 hours ago · When BLS reviews its data later this year, its researchers may find that finance is a growing field. ... seventeen are health care–related. [3] “The baby boomers are fairly well off, and will be able to afford a fair amount of health care. ... lower-skilled professions to combat escalating health care costs,” says Hugo Sellert, a research ... grimsby deaths telegraphWebOct 31, 2016 · The average research cost investment per publication for 2014 was about $45,000 but varies enormously. The group of eight (high profile universities) were the … fifty fifty whiskyWeb16 January 2024. The European Commission has published two reports based on the study "Cost-benefit analysis of FAIR research data", which was conducted for the Commission by PricewaterhouseCoopers. €10.2B … fifty fifty wholesaleWebSource: 'Cost of not having FAIR research data' by PwC EU Services. Frequently Asked Questions. Where/how does PharmaKB get the data for its reports? ... Seriously, no one else pulls together drug research, business, and safety data into a single perspective. Kudos to CDD for creating PharmaKB as a FAIR Data platform!” grimsby decoratorsWebWith insufficient data to estimate the last two indicators, we provided mostly qualitative considerations and findings instead. Following this approach, we found that the annual … fifty fifty wine