Open Risk Data

Definition

Open Risk Data is any dataset that has direct or indirect applications in Risk Management and is released under an Open Data license. Broadly speaking, Open Data are freely available to everyone to use and republish as they wish, without restrictions from copyright, patents or other mechanisms of control.

Resources

This entry organizes the information about open risk data available in the manual:

• List of External Open Risk Data Providers
• Open Risk Data Classification

Open Risk Data: An Open Online Database for Risk Managers

Open Risk Data is a new facility that aims to collect and made available online open source / public domain / creative commons licensed data sets that are relevant for risk management purposes

Motivation and Objective

The motivation for Open Risk Data is the observation that many major risk events have significant amounts of public information available about them. This is information that can be collected and structured so as to form the basis for further analysis.

Open Risk Data is a structured data repository for select types of Risk Data. It supports the Open Risk Manual in the collection and dissemination of resources relevant for risk management.

Getting started

• Overview of general Open Risk Data principles and resources.
• Broader Background about the Open Risk Manual
• A Generic Primer on the supported Data Model of the wikibase platform
• A more complete introduction (still very general scope) to the Data Model supporting the wikibase platform
• An introduction on using the wikidata Data Model to express risk data using specific examples
• The list of currently available Data Types
• A step back into more general Risk Data Ontologies
• Overview of Data Quality issues

Querying Data

• Simple Manual Search using keywords is via the Search Bar at the top of the page
• Search items by title (forthcoming)
• Via the API Example
• SPARQL API (forthcoming)

Inserting Data

The manual data entry interface has two forms for creating items and properties respectively:

• Create New Items
• Create New Properties

Programmatic insertion of data is on the roadmap building on mediawiki/wikidata tools

• QuickStatements (forthcoming)
• OpenRefine (forthcoming)

Data Models and Datasets

This list highlights the larger groups of dataset available as Open Risk Data (in reverse chronological order of first insertion)

• Digital Data Breaches Dataset (forthcoming)
• The collection of national financial regulators captures a structured description of regulatory agencies
• Fintech Risk Events is a collection of risk events that is being migrated from the Manual to the Database as a demo of an Open Risk Data use case

The specific data models used to capture the above datasets

• Fintech Risk Event Data Model
• Databreach Risk Event Data Model

Technology

Open Risk Data is based on Wikibase. Wikibase is a powerful, flexible and customizable open source knowledge base software that drives Wikidata. Wikidata acts as the central storage for the structured data of its Wikimedia sister projects including Wikipedia, Wikivoyage, Wiktionary, Wikisource, and others.

Wikibase's data export options include JSON, RDF/XML, N3, YAML and more and it provides a powerful query interface using SPARQL for both local and federated queries (with updates on changes), extending the potential data available from a single node to thousands. NB: This functionality is not yet implemented in Open Risk Data (upcoming)

A growing number of open databases participate in the wikidata universe as federated endpoints

Federation

There is a growing list of wikibase instances around the world (besides the initial Wikidata instance itself). The objective is that Open Risk Data will become a golden source for structured risk data information as part of the Open Data ecosystem