 Thank you, Laura. Actually, I guess you can guess that I had an awesome dinner conversation last night because we sat together. As you can see, she has a lot more to tell, and I hope we get a little bit more out of her in the discussion. But now Chris, the floor is yours. Okay, my name's Chris Taggart. I'm an open day trump, I guess. There are not many of us about. There are even fewer of us making money yet. But that's one of the purposes of entrepreneurs, to do things where there is, as yet, no proven business model. I developed a site, openly local, almost by accident. My background is a journalist and a magazine publishing company. Where we scraped local council websites against the terms and conditions, and then the UK government said, we like what you're doing, come and advise us. I'm the co-founder of Open Corporates, which I'll talk about a bit more later, and on various advisory boards, including ones for the government. I want to talk about open data and its role in entrepreneurship and its role in society, and what it means to be an open-data entrepreneur, and why every single entrepreneur needs to get and understand open data. We live in a big data world. I'm working on a presentation at the moment, not quite sure what it's going to be for, but it's going to be titled, Daddy, what did you do in the big data wars? Because we are currently in the big data wars. We've been in them for a year or two, and we're in a world where there is enormous amounts of data, growing exponentially each year from crime data, Facebook, internet enabled, parking meter, apps, location data, shopping data, just huge amounts of stuff. In a big data world, there's concentrations of power, and the power comes first from access. Can you get hold of the data? That's a really, really critical question Helen and Liam both touched on this earlier. Can you get hold of the data? Critically, if you are already getting hold of it, and this is what the whole PSI regime is currently based on, can you stop other people getting it because that will give you a competitive advantage? A classic way of doing this is pricing it out of reach. Can you reuse this? There's much freedom of information legislation around, but actually pretty much none of it allows for reuse. Can you do something with it? Can you pass on that data, work in a collaborative distributed way, or does it as a one that only you can use in a certain way? Do you actually understand what you're talking about? Do you understand the data? Do you have the understanding of doing it? This is really a big problem for innovation, and actually for democracy as well, because at the moment with public sector information, it's about access for those people who pay, and that means it favours incumbent. Dun and Bad Street reportedly pay around about 100,000 euros for the Belgian company data each year. Now, there are not many companies that could afford to do that for something that's actually not that significant, and they can do it because they've got a huge customer base, and actually it's in the business advantage for them to pay that because it restricts access to that information for others. It stifles innovation and it increases the costs for the end user as well. And it particularly increases, it leads to inevitable monopolies. Google, we heard a bit about Google today and last night, but Google can buy its way out of trouble to a degree. It can buy Motorola or buy data sets and buy missiles if you like in this mutually assured destruction world of software patents and big data. And it inevitably means that if there's a data set that is only sold, then for someone like Facebook or LinkedIn or whatever to buy it, it's trivial. So it naturally creates monopolies and kills diversity and kills innovation. Some of you asked me about open data, and it was touched on the previous session about the use of open data. We're already in a data-rich data pool world. Government produces and has a lot of data, but frankly it hasn't a clue what to do with it. None of it is connected, it doesn't know how to do it, it doesn't understand it. And actually the amount of data it's got is dwarfed by a supermarket, so the biggest supermarket in the UK is Tesco, which isn't just a supermarket, collecting loyalty data, collecting information about buying habits, collecting information about what's going on in that particular area. It's also a mobile phone provider, it's also a bank. Put those together and it's also strong in career and growing in other parts of the world. Then you have some pretty big things. Google, give Google your payment information, then you've got some worrying things going on there. We're already in a data-rich data pool divide and the community, but also governments as well, own that data pool side. Thomas Jefferson reportedly said that information is a currency of democracy and I think if he was around today, he'd be saying data is a currency of democracy because without that information, we can't make informed decisions. And companies, you know, we've seen over the last few years and we've heard actually in every single session today about how important company data is. You know, a company is just going back to first principles. A company is a non-natural person. It's an entity that's created that has legal rights and way back into the, you know, they're quite recent but in terms of doing business, the company's act in the UK was the really big thing that happened in the world in 1844 because a company prior to that needed an act of parliament in the states that needed the law to be passed in order to form a company. So we create these things. They're very important and they're powerful. Limited liability means that when a company goes bust, it's not the shareholders that suffer, it's the suppliers, it's the customers and it's the community. Now actually that's a really counterintuitive thing to endorse but the payoff is that we get innovation, we get prosperity and we get a vibrant ecosystem of people trying things and be failing to fail but it means that we have to get that unless otherwise that payoff just doesn't work. Government's collecting huge amounts of data about companies. Again, we've heard today about the product data, environmental data, planning data, health data, political contributions, court cases, I mean it goes on. It's all collected pretty much for a statutory purpose. Other businesses would find it fantastically useful. Some of it is increasingly is even becoming open data but almost exclusively it doesn't use company identifiers or where it does use company identifiers, for example EPA information in America, the Environmental Protection Agency, they use proprietary company identifiers that can't be reused either by government or by the wider world. So this is what my company, my effort, Open Corporates is about, the project. We're setting out to be a database, an open database for company data and specifically we've got one core central role and that is to create a URL for every company in the world. Whether it's in the UK or Delaware or Spain or Kazakhstan or wherever, we want to create a company based for every company, a URL for every company in the world. More than that, we want it to be an open URL that we're not creating a new monopoly system. This is the format of the URL. It's basically companies, then the ISO code for the jurisdiction, which may be a country like GB or it may be something like USDE for Delaware, for example, and then the company number that was issued when that company was formed and that is the legal identifier for that company. We already have these unique IDs, we just needed a way of putting it into a URL. I'm really pleased to say that the UK company's company register, we'd had discussions with them and they're going to be using the same path structure, the same URL structure as we are and that's been fantastically good having those discussions with them. I hadn't actually wasn't really looking at the product data but we talked about this and it actually appeared as well. It's the sort of thing that everybody needs to know what they're talking about when they're talking about companies. The reason is that when push comes to shove, the legal entity is what matters. When you sign a contract with somebody, when a government signs a contract, when you as another company sign a contract with somebody, you need to know what that legal entity is. You need to understand BP, what was BP? In terms of was BP ink registered in Delaware? Was it BP drilling or something? What was it? It was a network of companies but actually understanding that and understanding, it's critical to understanding where the liability lies and how to make levers to influence that. One of the things that you often find is that we have these companies, governments have these list of companies and all they're doing is they're storing names and the names are wrong as well in many cases. We've been cleaning up the electoral commission data and actually the data for the information commissioner in the UK and it's all over the place, it's a mess. The names are wrong, the companies never existed, the names are wrong, it's supposed to be up to date but it isn't, the spellings are wrong, all sorts of things and there's this fantastic tool which everyone should have a play around with called Google Refine for cleaning up data and we've got a matching service, a reconciliation service for matching those against the legal entities. We're also collecting data, so for example we're matching up with the security and exchange commission data and that's important because there's a huge amount of data, health and safety notices, information protection, data protection information, trademarks and so on and everything's under the open database license so it's all openly licensed and also it's been built with the open data community. They've gone out and scraped things like Montenegro, we've got, whether it's Cyprus or India, we've got a million Indian companies in there, we've got Croatian in there, we've got all 7,000 Greenland companies in there just because somebody went out and did a scraper to do that. So why should you care? Fundamentally, when we're in a big data world and access to data, our lives are not just dependent on data, arguably our lives are governed by data going back to in the UK, the Doomsday book but our lives are data now and businesses are data. Businesses can't exist with it and access to data, access to public sector information, access to company data is absolutely going to be critical for ability to succeed and to compete. You can't run a business without accessing data about other companies and if you have to go to a gatekeeper which is what you currently have to do and is what you'll likely have to do with the absence of something like Open Corporates, then you just don't get that data. You can't match it up, you can't combine it, you can't understand supplier chains, you can't understand anything. In government, governments increasingly have difficulties taxing companies, regulating them, understanding them. When America wanted to work out who's at fault in the Gulf oil spill, then it was really difficult. Was BP even a British company, an American company, had more American shareholders but where was it, critical parts of it were offshore? As far as actually a democratic, a fair society goes, then if you've got a situation where you can look but you can't touch, you can't be used, then that's not really public. In a world where data is power, then we need to be able to reuse that. Actually finally, a poor access to this company information means that we don't have a proper market. If you've got incumbents, big incumbents, big monopolies who've got masses of information to it and who can afford the data which you can't, then you've got rent seeking almost by definition. You've got de facto exclusive arrangements. Finally, you've also got a fertile ground for corruption as well. I think anybody that's an entrepreneur and doesn't think that open data matters to them actually doesn't understand the role of data in their business and in the markets that they're dealing with. I'm trying to build a data company and starting to succeed based on not just using open data but making data available to people. I think it's really important and I think it's more important that there are also more companies like mine as well doing this. Thank you.