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Re: [projectvrm] The Personal Information Economy


Chronological Thread 
  • From: Johannes Ernst < >
  • To: Alan Mitchell < >
  • Cc: ProjectVRM list < >
  • Subject: Re: [projectvrm] The Personal Information Economy
  • Date: Wed, 5 Mar 2014 14:16:06 -0800

Alan,

I really like the way you are framing this. To paraphrase:

"There's (personal) data that wasn't there before. The question is who gets to get make money from it: companies who 'take' it or the individuals who create it". It's really easy to understand, and focuses on what -- for me -- is the essence of the problem.

It's a bit like there are now dandelions growing all over, and it turns out they have value, so who gets to pick them? And on which land?

Cheers,


Johannes.



Whatever we think about VRM as a meme we're entering a Personal Information Economy where an increasing proportion of wealth creation is driven by different uses of personal information.

Our society/economy is currently embroiled in a battle over which direction this economy should take.
  • large corporations harvesting and monetising data about individuals largely without their knowledge or permission
  • individuals managing their own data, acting as the point of integration of data about their own lives, and using this information to configure services around them
The first approach is basically a value extraction model, limited by corporations' ability to monetise data.

The second approach is a value creating model, spawning multiple new forms of value creation and related business models.

We (Ctrl-Shift) have organised a conference in the UK bringing together policy makers from Government (for example, the UK midata programme to release data back to customers so it can be used for their own purposes), consumer facing organisations that are beginning to 'get it', and innovators making the alternative model happen.

If you are in the UK and would like to attend, get in touch with me. I can't promise anything but I'll see what I can do. 

Alan



--
Alan Mitchell
Strategy Director, Ctrl-Shift
T6 3rd Floor West Wing 
Somerset House
London, WC2R 1LA

Mobile: +44(0)7711 899 784
Office: +44(0)207 759 1057
Skype: alansmitchell

www.ctrl-shift.co.uk
Twitter: 321Ctrlshift

Register now for our event The Personal Information Economy 2014 | March 20 | London

 





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