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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