Research and case studies dep

For every $1 spent, $32 of value can be gained in impact and increased quality of life

Cost benefits of FAIR

 

FAIR data is about promoting overall efficiency in how data management happens. It can generate the following key advantages:

 

Plan early for FAIR data implementation to increase FAIR maturity and reduce costs.

FAIR and responsible data practices can unlock US$ billions

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Annual losses at least $11b

A 2018 study published by the European Union examined the cost of not making research data FAIR and pegged annual estimated losses (conservatively) at over €10 billion in the region alone. Globally there have been other estimates of the costs of not generating or working with FAIR data.

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Data is the cornerstone of many AgDev projects

For both AgDev projects that are focussed specifically on data use, reuse, sharing and generation, and for those with other primary goals. High-quality data is a necessity for long-term, sustainable, replicable and visible impact.

Why should people adopt FAIR, and what

are the challenges?

 

Why FAIR for AgDev?

 

Agricultural transformation relies on access to the large, usable, and AI ready datasets which FAIR data practices improve and encourage. Focusing on, enabling, investing in and prioritizing alignment with FAIR principles is imperative.

 

FAIR and GenAI?

 

Usable, robust datasets are essential for AI innovation. That’s why data has been likened to oil*, and seen as the key to the fourth industrial revolution (spurred on by AI systems).

 

What are barriers to adoption?

 

The challenges around making data FAIR are technical, so people do not always have the skills or technical expertise to manage their data in line with FAIR principles, but they can also be cultural or political. Or that people don’t know about FAIR or the benefits of investing in these data practices.