Information Matters - The Business of Data

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Data is not the new oil – Venture Beat, 10 February 2019
“Data may have been tantamount to petroleum when the internet was virgin wilderness. But the evolution of digital business long since rendered that notion obsolete. Today, those who believe moats of data will keep rivals at bay risk becoming overrun.”
https://venturebeat.com/2019/02/10/data-is-not-the-new-oil/

EU boosts its data economy as Council approves deal on wider reuse of publicly funded data – European Council, 6 February 2019
“The agreement extends the scope of the rules on re-use of public sector information (PSI) beyond public sector bodies, to include public undertakings in the transport and utilities sectors.”
https://www.consilium.europa.eu/en/press/press-releases/2019/02/06/eu-boosts-its-data-economy-as-council-approves-deal-on-wider-reuse-of-publicly-funded-data/

Cambridge launches urban data IoT project – Computer Weekly, 5 February 2019
“The so-called Urban Data Project has been developed by smart lighting and smart city applications specialist Telensa, and comprises a network of streetlight-mounted multi-sensor IoT pods feeding back into Microsoft’s Azure cloud platform to create a “trust infrastructure” for urban data, which should enable Cambridge to collect, protect and use IoT data to benefit everyone in the city.”
https://www.computerweekly.com/news/252457068/Cambridge-launches-urban-data-IoT-project

Companies Are Failing in Their Efforts to Become Data-Driven – Harvard Business Review, 5 February 2019
“Many companies have invested heavily in technology as a first step toward becoming data-oriented, but this alone clearly isn’t enough. Firms must become much more serious and creative about addressing the human side of data if they truly expect to derive meaningful business benefits.”
https://hbr.org/2019/02/companies-are-failing-in-their-efforts-to-become-data-driven

HOW RETAILERS CAN BEAT THE AMAZON EFFECT BY UTILIZING DATA TO WIN HEARTS, MINDS AND WALLETS – Ad Age, 4 February 2019
“Retailers that have met shifting consumer expectations by activating data have thrived, whether they’re previously established ones like Apple, Sephora and Ikea or recent upstarts such as Warby Parker, Casper and Monica + Andy.”
https://adage.com/article/dac/retailers-beat-amazon-effect-utilizing-data-win-hearts-minds-wallets/316485/

The data bubble is surely waiting to burst – Campaign, 4 February 2019
“Given that marketers are so obsessed with data, that’s no surprise. But I suspect consumers haven’t yet grasped the scale of personal information being harvested and what brands can do with it. And when they do, things are going to get difficult.”
https://www.campaignlive.co.uk/article/data-bubble-surely-waiting-burst/1524165

Data flows in a no-deal Brexit are a ‘significant’ concern – MPs – The Register, 28 January 2019
“The lack of agreement on data flows in a no-deal Brexit is a “significant” concern and possible solutions are “burdensome and costly” to already underprepared businesses, MPs have said.”
https://www.theregister.co.uk/2019/01/28/data_flows_in_a_nodeal_brexit_are_significant_concern_say_mps/

GDPR MAKES IT EASIER TO GET YOUR DATA, BUT THAT DOESN’T MEAN YOU’LL UNDERSTAND IT – The Verge, 27 January 2019
“I decided to test the “Right of Access” offered by four of the biggest tech companies operating in the EU: Apple, Amazon, Facebook, and Google. What I found suggested that while you can certainly get the raw data, actually understanding it is another matter, which makes it harder to make informed decisions about your data.”
https://www.theverge.com/2019/1/27/18195630/gdpr-right-of-access-data-download-facebook-google-amazon-apple

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Which Countries Are Leading the Data Economy? – Harvard Business Review. 24 January 2019
“Which countries are the top data producers? After all, with data-fueled applications of artificial intelligence projected, by McKinsey, to generate $13 trillion in new global economic activity by 2030, this could determine the next world order, much like the role that oil production has played in creating economic power players in the preceding century.”
https://hbr.org/2019/01/which-countries-are-leading-the-data-economy

HOW TIM COOK’S DATA BROKER REGISTRY MIGHT ACTUALLY WORK – Wired. 23 January 2019
“You might have bought a product from an online retailer—something most of us have done. But what the retailer doesn’t tell you is that it then turned around and sold or transferred information about your purchase to a ‘data broker,’” Cook wrote. “We think every user should have the chance to say, ‘Wait a minute. That’s my information that you’re selling, and I didn’t consent.’”
https://www.wired.com/story/tim-cook-data-broker-registry/

We need to own our data as a human right—and be compensated for it – The Economist, 21 January 2019
“Personal data needs to be regarded as a human right, just as access to water is a human right. The ability for people to own and control their data should be considered a central human value. The data itself should be treated like property and people should be fairly compensated for it.”
https://www.economist.com/open-future/2019/01/21/we-need-to-own-our-data-as-a-human-right-and-be-compensated-for-it

Apple chief calls for laws to tackle ‘shadow economy’ of data firms – The Guardian 17 January 2019
“Apple’s chief executive has called for regulation to tackle the “shadow economy” of data brokers – intermediaries who trade in the personal information of largely unsuspecting consumers – as the company continues its push to be seen as supportive of privacy.”
https://www.theguardian.com/technology/2019/jan/17/apple-chief-tim-cook-calls-for-laws-to-tackle-shadow-economy-of-data-firms

Does data equal business intelligence? – The Drum, 16 January 2019
“Measurement is one of the biggest challenges facing advertisers today. With a plethora of customer data available and tools to help measure every aspect of it every minute of the day, the question remains: what deserves to be counted, and what doesn’t?”
https://www.thedrum.com/news/2019/01/16/does-data-equal-business-intelligence

China’s greatest natural resource may be its data – CBS News, 13 January 2019
“Lee’s firm, Sinovation Ventures, has funded 140 AI startups, including shared-bicycle companies, education companies, and a firm that’s developing dishwashing robots. Lee says that the future for AI companies in China offers more promise than anywhere else, because of the simple fact that in a country of 1.4 billion, there’s just more data than anywhere else. In China, data has become its own kind of abundant natural resource.”
https://www.cbsnews.com/news/60-minutes-ai-chinas-greatest-natural-resource-may-be-its-data/

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