The Value of Data vs. Markets, Networks and Communities

From Umair at Bubblegeneration Strategy Lab:

Semanticwebpic "Everyone’s discussing what seems to be a foregone conclusion: that data’s the valuable thing, so who own the data? But no real insight seems to be generated by this discussion – because the premise is erroneous.

This is an old question. We discussed it at USV Sessions two years ago – I think it was phrased, "What’s the value of data in an open world". And even then, little insight was generated.

It’s the wrong question. Data isn’t the valuable.

In fact, data’s a commodity. We’re drowning in data.

Think about it this way: the lower the cost of interaction, by definition, the more abundant data is – because every interaction creates reams of data. More data is created tomorrow than was created yesterday. And so on.

What is valuable are the things that create data: markets, networks, and communities."

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s