GeoPlace announcement: New report shows that authorities can derive 6:1 ROI on their own data
A new report shows that widespread adoption and use of address and street data in local authorities could generate £384m savings over the period 2022-2026, with an enhanced return on investment of 6:1.
The report, commissioned by GeoPlace LLP and conducted by location strategy consultants ConsultingWhere, shows that savings are most likely through benefits that could be derived in adult social care, education, planning, and environmental health and data integration. All told, these offer an enhanced return on investment of around 6:1 – an essential uplift in efficiency, at a time when all local authorities are feeling economic pressure.
In simple terms, this means every £1 invested in using address and street data more effectively has the potential to deliver £6 in cost efficiencies and increased revenue. What’s more, local authorities have the wherewithal to kickstart their progress towards this return, as every organisation already has access to the underlying data needed. This 6:1 ROI is achievable by making better use of the data held within each authority’s Local Land and Property Gazetteer (LLPG) and Local Street Gazetteer (LSG). GeoPlace commissioned ConsultingWhere to do a Cost Benefit Analysis that would quantify the value of using that data, with its associated Unique Property Reference Numbers (UPRNs) and Unique Street Reference Number (USRNs). This report also shows that uses of the data in England and Wales have already delivered increased revenue streams and cost savings of an estimated £250 million over the last 5 years.
Everything the local government does happens somewhere, be it housing a homeless person, collecting someone’s bin or providing support to a family in difficulty. Precise location information is essential for councils to deliver services. By adopting and using UPRNs to join disparate systems, councils can derive the valuable insights needed to deliver area-based services effectively on the ground. The study shows that many authorities have used this data effectively already to build innovative services – improving efficiency, aiding revenue collection, and offering better customer service. Six specific use cases showcase the discounted benefits for local government as a whole in the following areas:
• Highways Asset Management – £190.7 million • Waste management – £180 million • Customer Relationship Management – £177.9 million • Non-Domestic Rates – £74.9 million • Data Integration – £171 million • Adult Social Care – £9.8 million
These net benefits were discounted using HM Treasury Discount Rate of 3.5% per annum. The estimated mean case is estimated over a 10 year period from 2017-26. Every local authority could benefit from using their own data more effectively, but many don’t know how best to utilise it. GeoPlace is a world class expert in address and street information management, and a source of on-call expertise for data professionals working in local authorities. The team is driven to enable better adoption and use of this data, organisation-wide, and is creating a whole suite of tools that help local authorities to accelerate this work. Working closely with the Local Government Association, GeoPlace has devised a simple 3-step process that can help local authorities discover their potential ROI:
GeoPlace welcomes direct enquiries from local authority teams or data professionals who’d like to learn more, free of charge, about realising the benefits of 6:1 investment. Access a full copy of the ROI report and other resources at www.geoplace.co.uk/roi.
The winners of this year’s Innovation Festival have been revealed by the Local Council Roads Innovation Group (LCRIG) and will now receive funding to develop their innovation or facilitate a trial of their product or solution on a local authority network.
Martin Duffy, Chief Executive of the Local Council Roads Innovation Group (LCRIG), discusses the importance of 'fast-tracking' innovation following the announcement of the successful Qualifying Innovators from this year's Innovation Festival.