Blog

Read about our views on marketplace changes as well as updates on our research and event programmes.

Data sharing can deliver the missing piece of the puzzle

We use language to communicate, but sometimes it gets in the way. For example, we commonly use the general word ‘data’ while overlooking the fact that the value and the harm it creates comes from its specific qualities. And its specific uses.

Each particular dataset provides a single perspective on the people, staff or machines that generate it. Another dataset from another loyalty card, another bank, another utility company or another mobile app could provide a very different view.

This means that even though most organisations are still trying…

Sometimes the solutions people propose to problems make things worse rather than better. If we don’t watch out, calls for increased ‘transparency’ around the collection and use of personal data risk becoming a great case study.

Proponents of transparency argue that by making more information available about how their data is collected and used, consumers will be better informed, and therefore end up making better decisions: transparency is key to the holy grail of ‘informed consent’.

The problem with transparency (and informed consent) is the assumption that people are prepared to invest the time and effort that’s necessary to read…

New technologies make it possible to do new things. Once upon a time, electric light bulbs, the ability to access energy at the flick of a switch, the ability to listen to a radio, or watch a TV, or fly through the air – they were all inconceivable. Now they’re commonplace.

While so much is obvious, what’s less obvious are the ways in which new technologies define the sorts of innovations that are made possible. The rise of the steam engine, and then electricity, transformed what we made, how we made it, and the business models that made it possible.…

A core trend in today’s business environment is the growing importance and influence of consumer decision support services. It’s easy to see why this trend is gaining ground. Just ask yourself two simple questions. Over the next three to five years, will consumers want:

1) to be making better or worse decisions?

2) their decision making processes to be easier or harder?

Of course, the answers are obvious. It was ever thus. The difference now, however, is that new technologies and data are making it possible to turn decision support into a fully fledged consumer service. Which is why it’s…