Big Data Creates Inequalities

Only the largest corporations, best-endowed universities, and rich governments can afford data collection and processing capacities that are large enough to harness the advantages of AI.

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Data problems

The cost of questionnaire-based market research (survey) is increasing exponentially and offers mediocre results without an enormous question bank and harmonization with other surveys.(See 🖱 blogpost)

Manual data acquisition is an error-prone and boring task for humans that requires many working hours (often not credited in consultancies, law firms, or research institutes.)

Wrangling spreadsheet tables or word processor documents by people without data knowledge is the 🖱 data Sisyphus.

Data observatories 3.0

Reprex is offering shared data ecosystems. Our observatories are great solutions for organizations without a data specialization:

🌳 Organizations that cannot afford to build a large enough data team to sustain consistent, extensive data collection and processing (many large institutions and companies)

🪴 Who cannot hire even a single data engineer or a data scientist (medium-sized companies, NGOs)

🌱 Who do not even have a permanent IT function (about 2 million European small enterprises and civil society organizations)

The European Union, the World Bank, OECD, and UN have facilitated the creation of more than 80 so-called ‘data observatories’ to help companies, researchers, NGOs, and governments systematically collect data and knowledge.

We are currently building one prototype for the European Music Observatory financed by the European Union and music industry players (cc 3-4 million euros.) We would like to take over existing or start new observatories in 2 years at least 5)

Our observatories are competitive, because they use high-quality open source scientific software; they exploit the new Data Governance Act and Open Data Directive, deploy web 3.0 data synchronization, and offer great value-added research products.

Platform products Value added data applications

The European Union, the World Bank, OECD, and UN have facilitated the creation of more than 80 so-called ‘data observatories’ to help companies, researchers, NGOs, and governments systematically collect data and knowledge.

The different observatories offer different types of knowledge products, such as statistical yearbooks, various apps, and database access.

Most of them use web 1.0 technologies, inefficient knowledge accumulation. Already 20 of them have been discontinued.

We are developing software solutions that exploit our platforms: we harmonize surveys, statistical data, automate research reporting, elements of market monitoring or ESG reporting.

We are currently building one prototype for the European Music Observatory financed by the European Union and music industry players (cc 3-4 million euros.) We would like to take over existing or start new observatories in 2 years at least 5)

Each observatory gives us intimidate customer access to 3-4 large universities, 1-2 large consultancies, and various specialist institutions.

Marketing strategy

Buma/Stemra like copyright management agencies, music export offices, festivals and venues, University of Amsterdam, Sant’Anna, Economic University of Bratislava, ministries of culture, grant agencies.

University of Amsterdam, Europeana, Sant’Anna, Hungarian Film Fund

Connected financial and sustainability reporting: bank consultancies, big four audit companies, large environmental NGOs.

Antitrust agencies, law firms, economics consultancies working with mergers and other competition related issues.

Target market size

The observatory platforms usually have a build-up cost of about 3-5 million euros and an annual running costs of 0.1-3 million euros.

We hope to gain at least 10% global market share on the observatory platform management market to pay our basic data science team and R&D.

Our existing observatories give us access to the market and public surveying markets (cc € 30-40 bn in the developed nations), particularly to its software component (€ 10 billion euros).

retroharmonize integrates pre-existing questionnaire-based surveys and new surveys. We see interest from the biggest global players.

Our existing observatories gave us access to environmental impact assessment and currently we build an ESG reporting tool with a central bank, a value bank, and a big four company.

Connected ESG reporting has a €4 bn market in the EU alone, and our Eviota product is very competitive. Due to regulatory pressure, we can harvest a decent share if we are able to attract venture capital.

Team

The two co-founders, 🖱 Daniel Antal, CFA and 🖱 Andrés García Molina, PhD, and the core team manage the ecosystems’ development, develop knowledge management, and direct the software development. 🖱 Team on full screen

Each observatory has a broader team of users, data and knowledge curators, and developers. The most developed 🖱️ Digital Music Observatory has 16 institutional users and a team of about 20 music and data professionals. The newer observatories have a smaller, initial service development and data curatorial team.

Traction

💻 Our free scientific software products have a steadily growing user base (several thousand users globally.)

📈 We are able to convert this to paying research automation services at a higher growth rate.

🚀 We won four competitive tenders this year, but we feel that the slow tendering/acquisition/cash cycle is hampering our growth, we see far more opportunities that we can serve. Therefore we are looking for investors.

Funding

We have a good track record in EU tenders, but we would like to build up this reputation in the Netherlands, too, mainly for new platforms.

We help our non-profit users, such as cultural heritage organizations, music export offices, collective rights management agencies to get funding to use our platforms and services

Our for profit-users need a more polished, user-friendlier front-end. Some are interested in joint ventures (like exploiting our survey capabilities). Venture capital would be preferred, as demand outstrips growth.

Do it Smarter

  • They usually do not exchange standard data with statistical agencies, they are not synchronized on knowledge graphs of the Europeana or national libraries, and their research output is usually not to be found on open science repositories.
  • The Hague is the winner of the World Smart City Award 2021, and we would like to attract the planned European Music Observatory and other, EU/UNESCO recognized institutions into the town building on the innovations of Reprex and the ecosystem of the Hague.

Questions?

Email | Keybase

LinkedIn: Daniel Antal - Reprex

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