International research teams including open data specialists from the University of Southampton have released a European knowledge graph. The knowledge graph is expected to boost procurement data analytics and decision-making capabilities across Europe.
Public procurement tenders amount close to two trillion Euros annually. Therefore, making it critical that the market operates fairly and efficiently, supporting competitiveness and accountability. Hence, to enable a more open procurement landscape in Europe, data-driven insights that support buyers and suppliers alike in their decision-making is vital.
To further an open procurement landscape, researchers from the TheyBuyForYou project integrated tender and company data to complete a first release of the open-source knowledge graph for public procurement. In addition, the researchers from the TheyBuyForYou project built a technology platform in the first half of its three-year program. The platform will help to visualize the comprehensive, cross-border and cross-lingual graph, which includes public spending and corporate data from multiple sources across the European Union (EU).
TheyBuyForYou is supported by EU Horizon 2020 funding and brings together researchers, innovators and public administrations from five European countries. Also, Electronics and Computer Science (ECS) researchers are working on guidelines for procurement data visualization. By using interdisciplinary expertise to devise concepts and technologies, the researchers aim to make the graph and its properties easier to understand and use.
As of the first quarter of 2019, the graph consists of over 23 million triples (records), covering information about almost 220,000 tenders. The knowledge graph is compatible with standards in the procurement domain and is available here.
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