Posts by waltfabi:
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Google x Fitbit – European Commission has to do a data valuation by the end of 2020 August 10, 2020 in General
The EU Commission had originally planned to develop a framework for data valuation by the end of 2021. My article from February also adresses this. Now, the EU Commission has announced that it has initiated an in-depth investigation into Google’s planned acquisition of Fitbit and that, due to legal deadlines, it has to be completed...
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German government examines whether data has to be shown as intangible asset in the balance sheet May 27, 2020 in Valuation
On May 26th, the German government made a decision on the data strategy. A position paper outlines how Germany can keep up with the global data competition. The position paper primarily focuses on small and medium-sized enterprises. The government wants to make it more attractive for them to work with data. The publication reads: “It...
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Why we should be given the opportunity to tax-deduct the data donation for the Corona app April 8, 2020 in General
Yesterday, the Robert Koch Institute (RKI) in Germany published the Corona Data Donation app. The official press release states: “The data voluntarily provided by the users of the Corona data donation app enables the scientists of the Robert Koch Institute to gain more detailed insights into the distribution of the corona virus”. The RKI promises:...
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What is the value of the data collected on the Coronavirus? March 13, 2020 in Valuation
This week, executives from Amazon, Google, Microsoft, Apple and Facebook in the UK and the US met with government officials to discuss their role in the Corona virus crisis. In particular, their role in “modeling and tracking data” was discussed. Facebook is already working with researchers from Harvard University’s School of Public Health and the...
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Challenges in using the Data Shapley Value for Data Valuation March 10, 2020 in Valuation
Data Valuation using Data Shapley Value has received further scientific approval in recent months. The Shapley Value assigns a contribution to value creation to the individual data providers (for more on the theoretical foundations of Shapley Value see my article from May 2019). More than half of the time is spent on data preparation and...
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European Commission wants to develop a data valuation framework by the end of 2021 February 25, 2020 in Valuation
The European Commission presented a European data strategy on 19.02.2020. The Commission has made clear that data must be collected and used in a way that reflects the interests of the individual in accordance with European values, fundamental rights and rules. The EU states that it is necessary to seize the opportunities offered by the...
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Why we should be rewarded for our data (Video) January 29, 2020 in General
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Data Literacy – why everyone should understand and evaluate data January 24, 2020 in General
A child’s reading and writing skills are regarded as something essential in our society. While in the last 50 years, data sets of a company were mainly used and processed by decision-makers, nowadays it is necessary for employees to evaluate data independently and to create added value for the company, and thus also for themselves....
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Why Google is offering checking accounts as of 2020 November 26, 2019 in General
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...
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First thoughts on the distribution of value added contributions under GAIA-X November 1, 2019 in Transfer Pricing
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...