17
Mar
15

Big Data Economics

See on Scoop.itBounded Rationality and Beyond

This description of a data “input” value chain assumes that data is owned by someone or by an organisation. The ISO-IEC JTC1 Study Group on Big Data has been very clear that there should be a universal attribute to data specifying its owner(s). The data owner could be an individual: for instance, consider the case of personal data owned by a person. More broadly the data generated by objects owned by a person are likely to be owned by this person: for instance the current geographic position of my car. This means that there are expanding circles around people, with data in such circles. This creates a natural link across the areas of the Internet of People, where people communicate and interact with each other or with “the Internet”, and the Internet of Things (IoT) with sensors and actuators, and machine intelligence all connected to serve (hopefully) the needs of humans. 
See on bigdataeconomics.blogspot.co.uk



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marzo: 2015
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