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- a-data-ecosystem-fosters-sustainable-innovation description "By equipping people with personal data vaults, we can leverage _more_ data for _better_ services ◆ We’re living in a data-driven economy, and that won’t change anytime soon. Companies, start-ups, organisations, and governments all require some of our data to provide us with the services we want and need…".
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- a-data-ecosystem-fosters-sustainable-innovation abstract "We’re living in a data-driven economy, and that won’t change anytime soon. Companies, start-ups, organisations, and governments all require some of our data to provide us with the services we want and need. Unfortunately, decades of Big Data thinking has led many companies to a consequential fallacy: the belief that they need to harvest and maintain that personal data themselves in order to deliver their services and thus survive in the data-driven economy. This prompted a never-ending rat race, dominated by a handful of large players and driven by a deeply flawed notion of “winning”, with as a result that most people and companies collectively end up losing much more than they put in. Pointless data greed has falsified competition and stifled innovation from the moment data collection became more important than quality of experience. A way out of this dead end is to put people fully in control of their own data by equipping them with a personal data vault. Vaults enable us to break the standstill, as they re-level the playing field by giving all parties equal chances to access data under people’s control. Halting data harvesting is, paradoxically, how companies can leverage more data towards their services instead of less. Yet they won’t own that data—and in a sustainable ecosystem, there’s no need to. In this post, I dive into the surprising economics of an overdue data revolution.".
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