A Semantic Data Value Vocabulary Supporting Data Value Assessment and Measurement Integration

Abstract

In this paper we define the Data Value Vocabulary (DaVe) that allows for the comprehensive representation of data value. This vocabulary enables users to extend it using data value dimensions as required in the context at hand. DaVe caters for the lack of consensus on what characterises data value, and also how to model it. This vocabulary will allow users to monitor and asses data value throughout any value creating or data exploitation efforts, therefore laying the basis for effective management of value and efficient value exploitation. It also allows for the integration of diverse metrics that span many data value dimensions and which most likely pertain to a range of different tools in different formats. This data value vocabulary is based on requirements extracted from a number of value assessment use cases extracted from literature, and is evaluated using Gruber’s ontology design criteria, and by instantiating it in a deployment case study.