Informational seminar: What Is the Data Economy, and Why Should I Care?
Informational seminar:
Even when their predictions differ, experts agree that AI and machine learning (AI/ML) are expected to have a profound impact on the economy, transforming many aspects of daily life and labor markets. Economists anticipate that this technology will serve as a key driver of economic growth in the coming decades and help address critical challenges such as climate change. And at the core of AI lies data.
However, due to the unique characteristics of data as an economic good—being freely replicable, non-depletable, and highly combinatorial with context-specific value—many valuable assets remain underutilized in corporate silos. Fortunately, an emerging ecosystem is beginning to unlock these resources.
In this talk, I will present findings from my research on understanding and measuring the data economy, including the pricing of data in the market and the business models of entities trading data online. I will highlight key market trends, and open challenges that represent interesting research opportunities at the intersection of economics, computer science, and digital law.
Informational seminar:
Even when their predictions differ, experts agree that AI and machine learning (AI/ML) are expected to have a profound impact on the economy, transforming many aspects of daily life and labor markets. Economists anticipate that this technology will serve as a key driver of economic growth in the coming decades and help address critical challenges such as climate change. And at the core of AI lies data.
However, due to the unique characteristics of data as an economic good—being freely replicable, non-depletable, and highly combinatorial with context-specific value—many valuable assets remain underutilized in corporate silos. Fortunately, an emerging ecosystem is beginning to unlock these resources.
In this talk, I will present findings from my research on understanding and measuring the data economy, including the pricing of data in the market and the business models of entities trading data online. I will highlight key market trends, and open challenges that represent interesting research opportunities at the intersection of economics, computer science, and digital law.