account arrow-down-linearrow-down-small arrow-downarrow-download arrow-left-small arrow-leftarrow-link arrow-rightarrow-upaudio-less-volume audio-not-playing audio-plus-volume audio awarded books calendar close-modal closedate delete document education emailevent Facebookhamburger impact instagramjustice linkedin location-outline location opinion page phonepinterestplay pluspost preview project reports search-bigsearch-old search share star-full star-open startime twitterwelfare youtube zoom-in zoom-out

Valuing data: foundations for data policy

Researchers: Professor Diane Coyle, OBE | Dr Stephanie Diepeveen ...

Project overview


This scoping study aims to produce a framework identifying key types of data and the appropriate approaches for valuing them.

Assessing the value of data is much more complex than valuing conventional assets, and there does not yet exist a framework for doing so that can be shared among policymakers, researchers and industry. Most of the existing literature on data valuation is theoretical, and what empirical work does exist uses market valuations as the basis for estimation, which are not entirely appropriate.

The study will begin with a literature review of the different economic approaches to data valuation. This will be followed by up to 20 stakeholder interviews aimed at developing an understanding of the prevailing market characteristics of data, the reasons why voluntary private data sharing arrangements come about, and the barriers to further opening of public data. Interviews will be carried out with stakeholders in wholly commercial data markets as well as providers of public data in both open and marketed forms.

Based on the interviews, a first draft of the framework will be presented for discussion to a wider group of stakeholders at further interviews and workshops, and then refined for publication.

In addition to the framework, the final study report will include policy recommendations, discuss key conceptual challenges, and identify outstanding questions for research and policy. It is expected to be of significant interest to UK and international policymakers, holders of large datasets, and all those concerned with the use of data and its impact on social well-being.

This study is closely connected with the work of the Nuffield-funded Ada Lovelace Institute.

Latest on this project


Team


  • Professor Diane Coyle, OBE
    University of Cambridge
  • Dr Stephanie Diepeveen
    University of Cambridge
  • Dr Jeni Tennison
    Open Data Institute
  • Peter Wells
    Open Data Institute
  • Lawrence Kay
    Open Data Institute

  • Catherine Dennison
    Programme Head, Welfare
    Nuffield Foundation
  • Director, Welfare
    Nuffield Foundation

Explore our projects

New

Education | 2020 - 2021

Post-16 educational trajectories and social inequalities in political engagement

View project
New

Welfare | 2020 - 2023

Public expenditure planning and control in complex times

View project
New

Welfare | 2020 - 2022

How UK welfare reform affects larger families

View project
New

Education | Welfare | 2020 - 2020

Measuring the disadvantage attainment gap in 16-19 education

View project
Two teenage male pupils study a science lesson as part of their post-16 options
In progress

Education | 2019 - 2021

Post-16 pathways: the role of peers, family background and expectations

View project
In progress

Education | 2019 - 2022

The SWAN game-based approach to learning foundational number language

View project
In progress

Welfare | 2019 - 2022

Children living with domestic violence: effects on children’s well-being

View project
In progress

Education | 2019 - 2020

Education priorities in a forthcoming general election

View project
In progress

Welfare | 2019 - 2022

Ethnic inequalities in later life

View project
In progress

Welfare | 2019 - 2022

The effect of Community Mental Health Services in England

View project
In progress

Welfare | 2019 - 2022

Caregiving dads, breadwinning mums: Transforming gender in work and childcare?

View project
In progress

Welfare | 2019 - 2021

Living with data: knowledge, experiences and perceptions of data practices

View project
New

Education | 2020 - 2021

Post-16 educational trajectories and social inequalities in political engagement

View project
New

Welfare | 2020 - 2023

Public expenditure planning and control in complex times

View project
New

Welfare | 2020 - 2022

How UK welfare reform affects larger families

View project
New

Education | Welfare | 2020 - 2020

Measuring the disadvantage attainment gap in 16-19 education

View project
Two teenage male pupils study a science lesson as part of their post-16 options
In progress

Education | 2019 - 2021

Post-16 pathways: the role of peers, family background and expectations

View project
In progress

Education | 2019 - 2020

Education priorities in a forthcoming general election

View project
In progress

Welfare | 2019 - 2022

Children living with domestic violence: effects on children’s well-being

View project
In progress

Education | 2019 - 2022

The SWAN game-based approach to learning foundational number language

View project
Reported

Welfare | 2013 - 2017

IFS Green Budget 2013 – 2016

View project
Reported

Education | 2017 - 2018

Growing up digital

View project
Reported

Welfare | 2013 - 2016

Data about fathers in birth cohort studies (Life Study)

View project
Reported

Welfare | 2017 - 2017

General Election 2017

View project
New

Education | 2020 - 2021

Post-16 educational trajectories and social inequalities in political engagement

View project
New

Welfare | 2020 - 2023

Public expenditure planning and control in complex times

View project
New

Welfare | 2020 - 2022

How UK welfare reform affects larger families

View project
New

Education | Welfare | 2020 - 2020

Measuring the disadvantage attainment gap in 16-19 education

View project
Two teenage male pupils study a science lesson as part of their post-16 options
In progress

Education | 2019 - 2021

Post-16 pathways: the role of peers, family background and expectations

View project
In progress

Welfare | 2019 - 2022

Ethnic inequalities in later life

View project
In progress

Education | 2019 - 2022

The SWAN game-based approach to learning foundational number language

View project
In progress

Welfare | 2019 - 2022

Children living with domestic violence: effects on children’s well-being

View project
In progress

Education | 2019 - 2020

Education priorities in a forthcoming general election

View project
In progress

Welfare | 2019 - 2022

The effect of Community Mental Health Services in England

View project
In progress

Welfare | 2019 - 2022

Caregiving dads, breadwinning mums: Transforming gender in work and childcare?

View project
In progress

Welfare | 2019 - 2021

Living with data: knowledge, experiences and perceptions of data practices

View project
Reported

Welfare | 2018 - 2018

Interdisciplinary conference on evidence use in policy

View project
Reported

Welfare | 2018 - 2018

Council tax support schemes’ impact on claimants & local authorities

View project
Reported

Welfare | 2018 - 2018

Improving survey representation of non-resident parents

View project
Reported

Education | 2017 - 2018

Growing up digital

View project
Reported

Justice | Welfare | 2017 - 2018

Addressing the ‘care cases’ crisis: a sector-led review

View project
Reported

Welfare | 2017 - 2018

Vulnerable migrants and well-being: A pilot study

View project
Reported

Welfare | 2017 - 2018

Benchmarking transparency in government’s use of evidence

View project
Reported

Welfare | 2017 - 2017

General Election 2017

View project
Siblings play ball in a playground - Siblings Contact and the Law
Reported

Justice | Welfare | 2017 - 2019

Siblings, contact and the law: an overlooked relationship?

View project
Reported

Welfare | 2017 - 2019

Asylum policies in Europe and the refugee crisis

View project
Reported

Justice | Welfare | 2017 - 2019

Measuring outcomes for children’s social care services

View project
Reported

Welfare | 2017 - 2018

The distribution and dynamics of economic and social well-being in the UK

View project
Search projects

We aim to improve people’s lives by funding research that informs social policy, primarily in Education, Welfare and Justice. We also fund student programmes that give young people skills and confidence in science and research.

We are an open, collaborative and engaged funder that offers more than money. Through connecting the individual projects we fund, we strengthen their collective impact and give voice to an overarching narrative.

Profile