About: waltfabi

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  • When I worked in a bank from 2010 to 2015, the large tech companies mostly kept out of retail banking. Recently, Apple has added a credit card to their portfolio, similar to Amazon. Facebook is working on its own currency, and last week Google announced checking accounts to be launched next year. Margins in traditional...

  • This week at the Digital Summit in Dortmund, Germany, representatives of the German federal government, industry and science presented the GAIA-X project. GAIA-X is to become a digital ecosystem in which data can be made available, merged and shared between government, industry and science securely and trustfully. In particular, the focus will be on minimizing...

  • The ADAPT Centre, a consortium of researchers from Ireland’s leading universities, with the support of Horizon 2020, the EU’s largest innovation support program with a budget of almost €80 billion, has presented a data valuation tool called “Saffron”. The motivation is to promote data value creation by quantifying the value of data. In the recent...

  • The subsidiary of the Institute of the German Economy, IW Consult, has developed a maturity model in cooperation with the Institute and the Fraunhofer ISST, which examines the ability of German companies to participate in data economy. The results are based on a representative survey of 1,104 German companies from the industrial sector and related...

  • When mankind began to exchange their data for free YouTube and Facebook about 15 years ago, this seemed like a fair deal. The users did not have to pay any money and could use the services of the social networks. But is this deal still fair? How much data do Facebook, Google etc. collect from...

  • Intuitively, I would have claimed that almost everyone would give up WhatsApp for a month for this amount. A recent study of a Dutch university with 426 participants proves the opposite. (Brynjolfsson, Erik and Collis, Avinash and Diewert, W. Erwin and Eggers, Felix and Fox, Kevin J., GDP-B: Accounting for the Value of New and...

  • At this week’s Google I/O developer conference, Sundar Pichai, CEO of Google, announced advances in deep learning in the speech recognition of Google services. So far, Google sends the user’s voice commands (data) to an external server in the Google cloud and has them processed there. This is necessary because the complex speech processing algorithms...

  • The ADAPT Centre, an association of researchers from Ireland’s leading universities, has published a study of the underlying data for a multi-organization data value assessment for the first time. In the study, 20 companies, from finance to aviation, had the opportunity to valuate 34 of their own data sets. The results are interesting: Source: Exploring...

  • According to a study by the telecommunications company Cisco, there will be 1.8 Internet-based data connections between machines (M2M connections) for every person on earth in 2022. The linking of physical and virtual objects with each other, the so-called Internet of Things (IoT), will continue to progress and so will the automated exchange of data...

  • Even though data is regarded to as the currency of the digital economy and that the amount of data is developing exponentially, there currently is no international standard for data valuation. Last month, the New York Times rightly noted that a standard method would at least provide a common framework for companies and regulators (New...