On Sep 26, 2013, at 6:55 AM, Peter Cranstone <
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> wrote:
Exactly!
All we have right now is talk, more talk, and even more talk. What we don't have is a real world use case that validates the premise of the value of our data when we control it.
There are some babies in the bathwater of "talk and more talk." The biggest is the the simple fact that we already have plenty of data in our lives that we value a great deal, and don't sell. There is no premise to be proven with that. This very email, for example, is data that (presumably) has value, even though I'm not selling it to anybody.
This is why use value belongs in this conversation.
Look at the data on your hard drives, and you'll find 99.X% of it has use value rather than sale value. That value is hard to measure, and may in fact be immeasurable for uses that fully matter but don't involve selling or buying anything.
Soon as you start measuring the worth of data by its sales value alone, arguments about the worth of the data become tendentious: biased by its use as a commodity to be sold or traded.
Big data (IMO) is just that - lots of data. What it lacks is the context that
'Me' can add to it.
This is correct.
Nearly 100% of the "big data" conversation is happening in a B2B context. It's very much like the "data processing" conversation in the mainframe age. What it lacks is the C: what we can do with it.
The first company to actually do that and generated real measurable value will set the stage for the next disruption on the web.
That will be good, but it's still essential to keep the distinction between use and sales value in mind — and to keep use value on the table as well, so the sum of all personal data can be fully understood.
Doc
Peter
From: Katherine Warman Kern <
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Date: Thursday, September 26, 2013 4:24 AM
To: Drummond Reed <
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>
Cc: Mark Lizar <
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>, Joerg Resch <
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>, Kevin Cox <
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>,
Luk Vervenne <
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>, ProjectVRM list <
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>
Subject: [projectvrm] Where will value come from?
What is missing is a demo of the value when the creator of the "data" controls it.
I put "data" in quotes because we are putting way too much emphasis on that word in the formula. "Data" is impersonal, raw, commodity-like, VALUELESS. The
Big Data industry wants to believe it has value by saying it does. For example, Comscore reports, "engagement went up 20%" when actual engagement is meaningless: .05% http://www.comradity.com/comradity/2013/09/splitting-hairs.html
K-
On Sep 26, 2013, at 3:44 AM, Drummond Reed <
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> wrote:
>> What is really missing is a good discussion on how personal information control changes the archaic privacy conceptions based on data protection and privacy law. Especially this archaic
discussion about who owns your data.
Well said, Mark. IMHO the emergence of personal clouds and personal cloud networks will finally cause this paradigm shift that, until they are actually here, has
only been theoretical (like discussion of how computing would change before we actually had personal computers or discussion about how telephony would change before we actually had smartphones).
Let's make 2014 the turning point for this whole tide.
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