It used to be Wall Street and Main Street. Now it’s Wall Street versus Main Street.
When you read all the analysis, what can I add, other than connecting the articles to a story that highlights the challenges society faces through this pandemic. The stories are new, the underlying themes are not. I have been talking about them for a couple of years. What is new is that they are getting broader attention. Amplification.
Now we need to do something about it. Before we fall back into the ‘normal’. Or worse – accept a ‘new’ normal, because that is ‘just the way it is’.
A talk that argues that most of the big data is being used to screw us and mentions data trusts as a possible solution. Data trusts are an immature concept but worth considering because it’s one approach to decentralizing governance. Until we figure out data governance principles that are transparent and contextual to specific communities we should limit data aggregation by default and focus on personal agents and other fiduciaries.
Adrian Gropper – in a recent group email.
It is interesting because on the same day I received these words from a friend and occasional colleague Daniel Szuc after he received my newsletter declaring Data is Energy.
Energy is energy. Climate is a result of energy misused. Environment is the outcome. What are the impacts on our environment today, inside people and in the outside environment people live in? What contributes to the health or toxicity of the environment? Data, understood deeply, should be used to contribute to the healthy environment … yet … how is it being used today?
Daniel Szuc and Josephine Wong
The answer, of course, is exactly what Adrian expressed above.
It is being used to screw us.
I am working through Daniel’s words and what they mean in more detail – and will come back to them at a later stage.
Backed by mathematical analysis, network theorist Albert-László Barabási explores the hidden mechanisms that drive success — no matter your field — and uncovers an intriguing connection between your age and your chance of making it big..