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Open Data is a general purpose technology that is going to make or break your business – Article

The vision of Open Data is a compelling one. By giving consumers and smaller businesses (SMEs) the tools, the power and the confidence to access and use their data to demand more of their service providers.

Open Data is a general purpose technology that is going to make or break your business

A general purpose technology is one which can re-define entire economies and societies. It is now clear that Open Data, or digitised information fed into artificial intelligence (AI) machines capable of formidable feats of computational statistics, are such a technology.

Data is not the new oil – it’s the new electricity

The most powerful technology yet invented by man has had virtually no effect on productivity and, by extension, the overall standard of living. Yet computing was never about the technology, but always about the information. And information, to quote Heinz von Foerster, is “order wrenched from disorder.”

DATA IS NOT THE NEW OIL – IT’S THE NEW ELECTRICITY (2nd March 2021)

DATA IS NOT THE NEW OIL – IT’S THE NEW ELECTRICITY (2nd March 2021) A FUTURE OF FINANCE WEBINAR WITH REGULATORS, FINTECHS, ACADEMICS AND INDUSTRY PROJECT LEADERS TUESDAY 2 MARCH 2021, 14.00 – 15.00 UK TIME Questions posed from the Open Banking and Open Finance discussion Part 1 in October 2020 and will provide theContinue reading “DATA IS NOT THE NEW OIL – IT’S THE NEW ELECTRICITY (2nd March 2021)”