Items tagged "The value explosion"
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I have to say, I’m puzzled by the reaction so far to the EU proposed new regulations for data protection.
There’s been a lot of debate about a proposed new ‘right to be forgotten’. However, from what I read of the actual draft legislation, the ifs and buts of this new right mean its real impact could be pretty limited. There’s considerable corporate hand-wringing about the penalties for breaking the new law, but the proposed maximum fines would only apply to the most flagrant violations and be tested in the courts.
Hand-ringing about the cost of implementation is more interesting:…
Our new report on Volunteered Personal Information (VPI) is based on our previous analysis of the evolution of ‘consumer empowerment’.
Basically, we can see four distinct phases of empowerment.
Phase 1: choice – the ability to choose between products and services
Phase 2: choice – the ability to choose between different sources of information
Phase 3: decision-making – the ability to process information from different sources to make (and implement) better decisions
Phase 4: voice (or VPI) – the ability to share the information generated in the course of my decision-making processes with other parties…