Did you know that just 8% of map pin placements are correct? Or that you can get paid just by sharing the pictures you normally take and post in Google? If not, check a project which promises to change the data future: Dataeum.
Data are all around us. And all of us, generates hundreds of different data day by day, for example by taking pictures or by pinning our actual geolocation. Although the just small per cent of this information is being used. According to the statistics Dataeum provided, 80% of online listings show inaccurate or missing data. And what is even more surprising just 0,5% of this information is being used and analyzed. You have to agree with me - this is much below the market potential. This is why Dataeum was born – to fulfil this gap by using the crowdsourcing for data collecting and selling or renting them in the marketplace.
But let’s start from the very beginning so how Dataeum wants to use crowdsourcing for the project. Thanks to the mobile application, users can share all kind of visual information and get a reward for doing so. The implementation of Artificial Intelligence and Augmented Reality technologies will enable automatic and instant recognition of posted picture or video. This will speed up the data collection process. All that needs to be done manually by the collector is the validation work. The output will be also done automatically.
For today, the global market data is estimated at 3 trillion of USD. Dataeum wants to take a great share of this number by providing a very accurate data. Let’s have a look on possible project use cases:
MAPS AND GEOLOCATION SERVICE
The most obvious use of Dataeum marketplace is to give them access to the Dataeum data to companies like Google Maps, Bing, Tomtom, Baidu, OpenStreetMap, Here map. It will increase their reliability and improve the quality of delivered information. Dataeum plans to have a special plugin for live updating.
Again, due to the poor quality geolocalisation data, using drones in deliveries is very challenging. Improving these data can open the doors for this kind of services.
Dataeum’s community can help to find water points, local shops, food distribution location and etc.
Dataeum plans to provide a very detailed information for the urban planners, city architectural offices and etc.
Large database companies such as Acxiom, Factual, Localeze, can just plug in and update physical data they might need.
Any constructions, accidents, bad road situation, traffic jams and etc. can be updated by the community anywhere in the world. This can work as an alert for another user.
Using the Dataeum database can help them in business development. For example, the companies can buy the access to the information about newly launched enterprises in their neighbourhood.
What is interesting Dataeum made a trial launch of their app in three European cities Paris, Barcelona and London where 300 000 physical data have been successfully collected.
If you would like to learn more about the Dataeum check the links below:
Project website: https://www.dataeum.io/
Short paper: https://www.dataeum.io/one-pager.pdf
Social media channels:
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.