# Glossary #### Smart Data * The secure sharing of customer data with authorised third-party providers (TPPs) upon the customer's request #### Open Banking * Smart Data scheme in the banking sector * This was the first Smart Data initiative, now often used as a benchmark for others * Covers current accounts and credit accounts as well as some savings accounts * Overseen by the Open Banking Implementation Entity (OBIE) #### Open Finance * Smart Data scheme in the wider finance sector, evolved from Open Banking * Covers areas such as savings, mortgages, consumer credit, investments and insurance * Led by the FCA #### Open Energy * Smart Data scheme in the energy sector * Led by Ofgem * Also see 'Midata for Energy' #### Open Communications * Smart Data scheme in the communications sector * Led by Ofcom \-------------------------------------------------- #### Data infrastructure * Data assets, standards, technologies, policies, organisations and communities that steward and contribute #### Data assets * Useful or valuable things related to data. Usually: * Identifiers - labels to physical or digital objects and services * Registers - Lists of reference data and metadata * Datasets - From dedicated research/analysis or from monitoring #### Data standards * Reusable agreements that help to steward data more consistently * Technical: file formats, taxonomies, schemas * Non-technical: language, processes #### Data technologies * Hardware and software used in the collection, access, use and sharing of data #### Data policies * Specified ways of working with data, usually mandatory \-------------------------------------------------- #### Data spectrum * The range of data accessibility, from closed to shared to open #### Data intermediary * A variety of different activities and governance models for organisations that facilitate greater access to or sharing of data #### Data institution * Organisations that steward data on behalf of others, often towards public, educational or charitable aims #### Data ecosystem * A full set of data suppliers, stewards and users, as well as the supporting infrastructure \-------------------------------------------------- #### Application Programming Interface (API) * A standardised means by which computers can communicate with each other #### General Data Protection Regulation (GDPR) * Intended to harmonise data privacy laws in the EU * Applies to the processing of personal data by organisations in the EU, regardless of whether the processing takes place in the EU or not * Applies to the processing of personal data about individuals who are in the EU by an organisation not established in the EU, if it offers goods or services within EU #### Open source * The practice of having freely available knowledge about a certain design or implementation, often iterated by volunteers #### Privacy Enhancing Technology (PET) * Any technical method that protects the privacy or confidentiality of sensitive information #### Sandbox environment * Testing environment separate from the production environment that enables approved participants to build an understanding of tools, standards and security requirements. #### Synthetic data * Data generated by simulation, rather than measurement \-------------------------------------------------- #### Second Payment Services Directive (PSD2) * Part of the Open Banking regulations #### Midata for Energy * An Open Energy initiative * Launched in mid-2018, with main governance from Ofgem, and other governmental connections within BEIS, DCMS, Government Digital Services, and the Cabinet Office * Paused since 2021, pending a review of all energy sector programmes #### OpenActive * Launched in 2016, a community-led initiative that aims to address the problem of inactivity in the UK by helping people get active using open data * This is not a Smart Data scheme #### Data Pitch * A completed three-year EU-funded open innovation programme that explored how data shared by organisations - from government bodies to multinational corporations - could be used by startups and innovators to tackle specific company and sector challenges, while generating direct benefit to them * This was not a Smart Data scheme #### Modernising Energy Data Access * A competition to support projects that use data with the aim to enable a decarbonised, decentralised and digitised energy future #### Modernising Energy Data Applications * A competition focused on the development of data applications that address the needs of users and developers of local energy systems --- # Agent Instructions This documentation is published with GitBook. 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