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Re: Data is an asset - Data is a product

From: Steven Adler <adler1@us.ibm.com>
Date: Wed, 13 Aug 2014 15:27:15 -0400
To: Laufer <laufer@globo.com>
Cc: Data on the Web Best Practices Working Group <public-dwbp-wg@w3.org>
Message-ID: <OF1DB70077.19543B88-ON85257D33.006AB6B5-85257D33.006ADDC4@us.ibm.com>
hi Laufer,

I enjoy this discussion.  It is thought provoking and interesting and hope 
we can translate these ideas into metadata vocabulary that would empower 
the industry to leverage them. 


Best Regards,

Steve

Motto: "Do First, Think, Do it Again"



From:
Laufer <laufer@globo.com>
To:
Steven Adler/Somers/IBM@IBMUS
Cc:
Data on the Web Best Practices Working Group <public-dwbp-wg@w3.org>
Date:
08/10/2014 09:19 PM
Subject:
Re: Data is an asset - Data is a product



Hi Steve,

I agree with you that the value of data could depend on its use. But even 
data that is sold need a manner to define its price.

What I was thinking is that products, in general, have a lot of metadata 
that are similar to those we are discussing. They define the contract that 
could include info about the product, policies about return, etc. If it is 
a software, will include licenses. Provenance could be related to the 
company that sells the product, or to the companies that provide 
components to one device, or technologies used in a device. And we are not 
discussing the value of data in social networks, which relates to a huge 
amount.

For the group, I think that is interesting to think that what is being 
published is a product. And that we will have consumers wanting this 
product. Having best practices to publish these products could make it 
easy to use them, and would, probably, enhance their value. It is 
important to develop  ways of tracking the use. Maybe the guys that 
already sell data have ways of measuring data usage as a a way of defining 
prices.

Thank you for your article.

Best Regards,
Laufer


2014-08-10 20:59 GMT-03:00 Steven Adler <adler1@us.ibm.com>:
Hi Laufer, 

Thanks.  I was hoping to stimulate a discussion because I think the idea 
"Data is an asset" has become such a soundbite that few people even 
question its meaning or stop to consider if its correct.  I think it is 
important to challenge our assumptions about how the world works and I 
appreciate that you are now challenging my simile (that data valuation is 
like labor). 

Data is often packaged into products and examples of this include 
software, music files, videos, and media subscriptions.  Researchers often 
charge for reports.  In each of these cases, there is a market of 
consumers to perform price discovery and establish monetary prices. 

Its the data that we all use every day in our companies that doesn't have 
a market for price discovery, and without a market its hard to define a 
value. 

What do you think about this? 


Best Regards,

Steve

Motto: "Do First, Think, Do it Again" 


From: 
Laufer <laufer@globo.com> 
To: 
Steven Adler/Somers/IBM@IBMUS, Data on the Web Best Practices Working 
Group <public-dwbp-wg@w3.org> 
Date: 
08/09/2014 11:08 AM 
Subject: 
Data is an asset - Data is a product





Hi, Steve, 
  
Your article “The Value of Data is Based on its Usefulness” is very 
interesting: “Data is an asset”. 
  
These days I was thinking in another way of looking at data: “Data is a 
product”. 
  
I was thinking that if we look at data as a product, we should define the 
contract between those who “sell” and those who “buy”. In this contract we 
have to put all data (metadata) that could clarify all the aspects of the 
product. I'm not saying that the products must be charged. But they could 
be. 
  
Just thinking. 
  
Best Regards, 
Laufer 

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Received on Wednesday, 13 August 2014 19:28:45 UTC

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