TheyBuyForYou.eu is a three-year initiative with researchers, innovators and public administrations from five European countries. With funding from the European Union’s Horizon 2020 research and innovation programme, it aims to deliver tools, alongside enabling technologies and data, to make procurement across the EU more efficient, competitive, accountable, and fair. Its first objective is to develop a technology platform, “consisting of a set of modular web-based services and APIs to publish, curate, integrate, analyse, and visualize a comprehensive, cross-border and cross-lingual procurement knowledge graph, including public spending and corporate data from multiple sources across the EU.”
With government tender across Europe reaching 2 trillion euros annually, it is imperative that transparency of data on government procurement and the supply chain is available. (Never before has the time been as ripe to make sure you are selecting the right supplier, tools like GovShop can help you discover them and carry out faster, more accurate market research.)
Using and integrating open PSI sources, processed and analysed using data science methods, this initiative intends to reveal the opportunities and challenges faced by all direct stakeholders in taking more informed and effective decisions. Another objective is to create a series of an online toolkits and a public portal for suppliers, buyers, data analysts, regulatory authorities and citizens to explore and understand how public procurement decisions affect economic development, efficiencies, competitiveness and supply chains. And a third objective will be about validation in the procurement market, with business cases to be produced with public administrations at the national and local levels in Spain and Slovenia.
Just recently TBFY has launched its first ‘knowledge graph’ for public procurement, integrating tender and company data, to help buyers and suppliers in their procurement decisions. The range of data sources it leverages (some from OpenOpps by way of example) is integrated into a knowledge graph, which is used in procurement data analytics and decision making. For the first quarter of 2019, the graph consists of over 23 million records, covering information about almost 220,000 tenders.
Said Prof Elena Simperl, University of Southampton (knowledge engineering expert):
“Knowledge graphs bring together data from a variety of sources into a common format that can be easily extended and reused by organisations. By releasing the graph open source we hope to encourage developers to use it in their own products and give us feedback on how we could improve it.”
Read more here.