Are you creating value through data sharing?
In this Ignition, we draw inspiration from Barb Wixom and the team at MIT. I have been fortunate to have had the opportunity to take part in previous research led by Barb, and reference her material regularly.
In recently published research, Barb and the team talk through the concept of strategic data sharing and how your data assets are key to developing new value for your customers and giving you clout in digital ecosystems. In this month’s perspective, we take a look at how organisations need to ensure their customers are also willing to share their data with them in the first place.
Data Sharing is the future, not something to be feared
The recent global fixation on Chat GPT, the more than 40 serious data breaches in Australia at the end of last year, and the ongoing rollout of Consumer Data Right across industries, has made data the topic of many dinner table conversations. And the main theme is fear.
Yet it shouldn’t be. Data is powerful, useful, and key to us unlocking the answers to complex issues. At Ignite, we have, and always will, treat data as a liquid asset. An intrinsically valuable resource for organisations is to:
In a piece published in the MIT Sloan Review last month, Barbara Wixom and her co-authors presented their concept of strategic data sharing, a way for organisations to create value through the sharing of data for specific opportunities with specific partners, quickly.
AI | Wired | 17 Apr
OpenAI’s CEO says the age of giant AI models is already over
Ignite: Bigger doesn't necessarily mean better is the message from Sam Altman . An interesting discussion on the future of language algorithms as they hit the zenith of scale, and attention shifts to different areas of improvement like transformers and reinforcement learning.
AI | CMS Wire | 14 Apr
Databricks takes on AI goliath, challenges OpenAI's reign with Dolly 2.0
Ignite: Databricks has entered the AI race, with its open source release of Dolly 2.0, that can be used commercially.
DA | ABC News | 13 Apr
New technology could be used to prevent and reduce agricultural crime in Australia
Ignite: Facial recognition technology is coming to cattle in an effort to reduce livestock theft - a $50M yearly bill for Australian farmers. Along with GPS tracking data, Stoktake have developed a new technology based on propietary image recognition technology to identify individual cows.
AI | BBC | 7 Apr
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