In the digital age, data has become one of the most valuable assets. However, the control and ownership of this data have often been in the hands of businesses and corporations rather than individuals. This Whitepaper explores why it's crucial for individuals and businesses to own their data, highlighting the significant economic benefits that come with data ownership.
1. New Income Stream
2. Increased Transparency in Data Sharing
3. Safely Creating a More Personal Experience
The principle of data ethics revolves around the idea that all data should be owned by the individuals it pertains to. By taking ownership of their information, individuals can dictate the terms of how their data is used. This approach not only empowers individuals but also imposes a moral and ethical framework on businesses, promoting responsible and respectful use of data.
The challenge in the past has been the scattered nature of data across various systems. However, emerging technologies like 'data fabric' and 'data mesh' are revolutionising this landscape. These technologies enable individuals and businesses to centralise their data ownership and leverage it effectively.
Owning your data is not just a matter of privacy - it's about taking control of a valuable asset. In an era where data is a currency, owning and ethically managing your data can lead to substantial economic benefits for both individuals and businesses. Embracing technologies like data fabric and data mesh can help realise the full potential of data ownership, paving the way for a more equitable and prosperous digital future.
Understanding Data Ownership
The Benefits of Real-Time Information Sharing Between Retailer and Supplier
Creating better transparency between retailers and suppliers
Real-Time Analytics: Transforming Retail-Supplier Negotiations
It's not just about data - it's about bringing us closer together