Geoff Mulgan et al at Nesta: “It builds on work Nesta has done in many fields – from health and culture to public services – to find more rounded and realistic ways of capturing the many dimensions of value created by public action. It is relevant to our work influencing governments and charities as well as to our own work as a funder, since our status as a charity commits us to creating public benefit.
Our aim in this work is to make value more transparent and more open to interrogation, whether that concerns libraries, bicycle lanes, museums, primary health services or training programmes for the unemployed. We recognise that value may come from government action; it can also be created by others, in civil society and business. And we recognise that value can often be complex, whether in terms of who benefits, or how it relates to values, as well as more technical issues such as what discount rates to apply.
But unless value is attended to explicitly, we risk ending up with unhappy results….(More)”.
Paper by Mariana Mazzucato and Rainer Kattel: “Public value is value that is created collectively for a public purpose. This requires understanding of how public institutions can engage citizens in defining purpose (participatory structures), nurture organisational capabilities and capacity to shape new opportunities (organisational competencies); dynamically assess the value created (dynamic evaluation); and ensure that societal value is distributed equitably (inclusive growth).Rainer KattelMariana Mazzucato and Public value is value that is created collectively for a public purpose. This requires understanding of how public institutions can engage citizens in defining purpose (participatory structures), nurture organisational capabilities and capacity to shape new opportunities (organisational competencies); dynamically assess the value created (dynamic evaluation); and ensure that societal value is distributed equitably (inclusive growth).
Purpose-driven capitalism requires more than just words and gestures of goodwill. It requires purpose to be put at the centre of how companies and governments are run and how they interact with civil society.
Keynes claimed that practitioners who thought they were just getting the ‘job done’ were slaves of defunct economic theory.1 Purposeful capitalism, if it is to happen on the ground for real, requires a rethinking of value in economic theory and how it has shaped actions.
Today’s dominant economics framework restricts its understanding of value to a theory of exchange; only that which has a price is valuable. ‘Collective’ effort is missed since it is only individual decisions that matter: even wages are seen as outcomes of an individual’s choice (maximisation of utility) between leisure versus work. ‘Social value’ itself is limited to looking at economic ‘welfare’ principles; that is, aggregate outcomes from individual behaviours…(More)”
Blair Sheppard and Ceri-Ann Droog at Strategy and Business: “For the last 70 years the world has done remarkably well. According to the World Bank, the number of people living in extreme poverty today is less than it was in 1820, even though the world population is seven times as large. This is a truly remarkable achievement, and it goes hand in hand with equally remarkable overall advances in wealth, scientific progress, human longevity, and quality of life.
But the organizations that created these triumphs — the most prominent businesses, governments, and multilateral institutions of the post–World War II era — have failed to keep their implicit promises. As a result, today’s leading organizations face a global crisis of legitimacy. For the first time in decades, their influence, and even their right to exist, are being questioned.
Businesses are also being held accountable in new ways for the welfare, prosperity, and health of the communities around them and of the general public. Our own global firm, PwC, is among these businesses. The accusations facing any individual enterprise may or may not be justified, but the broader attitudes underlying them must be taken seriously.
The causes of this crisis of legitimacy have to do with five basic challenges affecting every part of the world:
Asymmetry: Wealth disparity and the erosion of the middle class
Disruption: Abrupt technological changes and their destructive effects
Age: Demographic pressures as the average life span of human beings increases and the birth rate falls
Populism: Growing populism and rejection of the status quo, with associated nationalism and global fracturing
Trust: Declining confidence in the prevailing institutions that make our systems work.
(We use the acronym ADAPT to list these challenges because it evokes the inherent change in our time and the need for institutions to respond with new attitudes and behaviors.)
A few other challenges, such as climate change and human rights issues, may occur to you as equally important. They are not included in this list because they are not at the forefront of this particular crisis of legitimacy in the same way. But they are affected by it; if leading businesses and global institutions lose their perceived value, it will be harder to address every other issue affecting the world today.
Ignoring the crisis of legitimacy is not an option — not even for business leaders who feel their primary responsibility is to their shareholders. If we postpone solutions too long, we could go past the point of no return: The cost of solving these problems will be too high. Brexit could be a test case. The costs and difficulties of withdrawal could be echoed in other political breakdowns around the world. And if you don’t believe that widespread economic and political disruption is possible right now, then consider the other revolutions and abrupt, dramatic changes in sovereignty that have occurred in the last 250 years, often with technological shifts and widespread dissatisfaction as key factors….(More)”.
Knowledge@Wharton: “Data analytics and artificial intelligence are transforming our lives. Be it in health care, in banking and financial services, or in times of humanitarian crises — data determine the way decisions are made. But often, the way data is collected and measured can result in biased and incomplete information, and this can significantly impact outcomes.
In a conversation with Knowledge@Wharton at the SWIFT Institute Conference on the Impact of Artificial Intelligence and Machine Learning in the Financial Services Industry, Alexandra Olteanu, a post-doctoral researcher at Microsoft Research, U.S. and Canada, discussed the ethical and people considerations in data collection and artificial intelligence and how we can work towards removing the biases….
….Knowledge@Wharton: Bias is a big issue when you’re dealing with humanitarian crises, because it can influence who gets help and who doesn’t. When you translate that into the business world, especially in financial services, what implications do you see for algorithmic bias? What might be some of the consequences?
Olteanu: A good example is from a new law in the New York state according to which insurance companies can now use social media to decide the level for your premiums. But, they could in fact end up using incomplete information. For instance, you might be buying your vegetables from the supermarket or a farmer’s market, but these retailers might not be tracking you on social media. So nobody knows that you are eating vegetables. On the other hand, a bakery that you visit might post something when you buy from there. Based on this, the insurance companies may conclude that you only eat cookies all the time. This shows how even incomplete data can affect you….(More)”.
Announcement: “Healthcare technologies are rapidly evolving, producing new data sources, data types, and data uses, which precipitate more rapid and complex data sharing. Novel technologies—such as artificial intelligence tools and new internet of things (IOT) devices and services—are providing benefits to patients, doctors, and researchers. Data-driven products and services are deepening patients’ and consumers’ engagement and helping to improve health outcomes. Understanding the evolving health data ecosystem presents new challenges for policymakers and industry. There is an increasing need to better understand and document the stakeholders, the emerging data types and their uses.
The Future of Privacy Forum (FPF) and the Information Accountability Foundation (IAF) partnered to form the FPF-IAF Joint Health Initiative in 2018. Today, the Initiative is releasing ATaxonomy of Definitions for the Health DataEcosystem; the publication is intended to enable a more nuanced, accurate, and common understanding of the current state of the health data ecosystem. The Taxonomy outlines the established and emerging language of the health data ecosystem. The Taxonomy includes definitions of:
The stakeholders currently involved in the health data ecosystem and examples of each;
The common and emerging data types that are being collected, used, and shared across the health data ecosystem;
The purposes for which data types are used in the health data ecosystem; and
The types of actions that are now being performed and which we anticipate will be performed on datasets as the ecosystem evolves and expands.
This report is as an educational resource that will enable a deeper understanding of the current landscape of stakeholders and data types….(More)”.
Report by the Caixa Foundation: “…The Work4Progress programme thus supports the creation of “Open Innovation Platforms for the creation of employment in Peru, India and Mozambique” by means of collaborative partnerships between local civil society organisations, private sector, administration, universities and Spanish NGOs.
The main innovation of this programme is the incorporation of new tools and methodologies in: (1) listening and identification of community needs, (2) the co-creation and prototyping of new solutions, (3) the exploration of instruments for scaling, (4) governance, (5) evolving evaluation systems and (6) financing strategies. The goal of all of the above is to try to incorporate innovation strategies comprehensively in all components.
Work4Progress has been designed with a Think-and-Do-Tank mentality. The member organisations of the platforms are experimenting in the field, while a group of international experts helps us to obtain this knowledge and share it with centres of thought and action at international level. In fact, this is the objective of this publication: to share the theoretical framework of the programme, to connect these ideas with concrete examples and to continue to strengthen the meeting point between social innovation and development cooperation.
Work4Progress is offered as a ‘living lab’ to test new methodologies that may be useful for other philanthropic institutions, governments or entities specialising in international development….(More)”.
European Commission: “The guidance fulfils an obligation in the Regulation on the free flow of non-personal data (FFD Regulation), which requires the Commission to publish a guidance on the interaction between this Regulation and the General Data Protection Regulation (GDPR), especially as regards datasets composed of both personal and non-personal data. It aims to help users – in particular small and medium-sized enterprises – understand the interaction between the two regulations.
In line with the existing GDPR documents, prepared by the European Data Protection Board, this guidance document aims to clarify which rules apply when processing personal and non-personal data. It gives a useful overview of the central concepts of the free flow of personal and non-personal data within the EU, while explaining the relation between the two Regulations in practical terms and with concrete examples….
Non-personal data are distinct from personal data, as laid down in the GDPR Regulation. The non-personal data can be categorised in terms of origin, namely:
data which originally did not relate to an identified or identifiable natural person, such as data on weather conditions generated by sensors installed on wind turbines, or data on maintenance needs for industrial machines; or
data which was initially personal data, but later made anonymous.
While the guidance refers to more examples of non-personal data, it also explains the concept of personal data, anonymised and pseudonymised, to provide a better understanding as well describes the limitations between personal and non-personal data.
What are mixed datasets?
In most real-life situations, a dataset is very likely to be composed of both personal and non-personal data. This is often referred to as a “mixed dataset”. Mixed datasets represent the majority of datasets used in the data economy and commonly gathered thanks to technological developments such as the Internet of Things (i.e. digitally connecting objects), artificial intelligence and technologies enabling big data analytics.
Examples of mixed datasets include a company’s tax records, mentioning the name and telephone number of the managing director of the company. This can also include a company’s knowledge of IT problems and solutions based on individual incident reports, or a research institution’s anonymised statistical data and the raw data initially collected, such as the replies of individual respondents to statistical survey questions….(More)”.
About: “…MegaPixels is an art and research project first launched in 2017 for an installation at Tactical Technology Collective’s GlassRoom about face recognition datasets. In 2018 MegaPixels was extended to cover pedestrian analysis datasets for a commission by Elevate Arts festival in Austria. Since then MegaPixels has evolved into a large-scale interrogation of hundreds of publicly-available face and person analysis datasets, the first of which launched on this site in April 2019.
MegaPixels aims to provide a critical perspective on machine learning image datasets, one that might otherwise escape academia and industry funded artificial intelligence think tanks that are often supported by the several of the same technology companies who have created datasets presented on this site.
MegaPixels is an independent project, designed as a public resource for educators, students, journalists, and researchers. Each dataset presented on this site undergoes a thorough review of its images, intent, and funding sources. Though the goals are similar to publishing an academic paper, MegaPixels is a website-first research project, with an academic publication to follow.
One of the main focuses of the dataset investigations presented on this site is to uncover where funding originated. Because of our emphasis on other researcher’s funding sources, it is important that we are transparent about our own….(More)”.
Paper by Nigel Cory, Robert D. Atkinson, and Daniel Castro: “Just as there was a set of institutions, agreements, and principles that emerged out of Bretton Woods in the aftermath of World War II to manage global economic issues, the countries that value the role of an open, competitive, and rules-based global digital economy need to come together to enact new global rules and norms to manage a key driver of today’s global economy: data. Japanese Prime Minister Abe’s new initiative for “data free flow with trust,” combined with Japan’s hosting of the G20 and leading role in e-commerce negotiations at the World Trade Organization (WTO), provides a valuable opportunity for many of the world’s leading digital economies (Australia, the United States, and European Union, among others) to rectify the gradual drift toward a fragmented and less-productive global digital economy. Prime Minister Abe is right in proclaiming, “We have yet to catch up with the new reality, in which data drives everything, where the D.F.F.T., the Data Free Flow with Trust, should top the agenda in our new economy,” and right in his call “to rebuild trust toward the system for international trade. That should be a system that is fair, transparent, and effective in protecting IP and also in such areas as e-commerce.”
The central premise of this effort should be a recognition that data and data-driven innovation are a force for good. Across society, data innovation—the use of data to create value—is creating more productive and innovative economies, transparent and responsive governments, better social outcomes (improved health care, safer and smarter cities, etc.).3But to maximize the innovative and productivity benefits of data, countries that support an open, rules-based global trading system need to agree on core principles and enact common rules. The benefits of a rules-based and competitive global digital economy are at risk as a diverse range of countries in various stages of political and economic development have policy regimes that undermine core processes, especially the flow of data and its associated legal responsibilities; the use of encryption to protect data and digital activities and technologies; and the blocking of data constituting illegal, pirated content….(More)”.
Paper by David Osimo, Laia Pujol Priego, Turo Pekari and Ano Sirppiniemi: “…data is becoming a fundamental source of competitive advantage in music, just as in other sectors, and streaming services in particular are generating large volume of new data offering unique insight around customer taste and behavior. (As Financial Times recently put it, the music industry is having its “moneyball” moment) But how are the different players getting ready for this change?
This policy brief aims to look at the question from the perspective of CMOs, the organisations charged with redistributing royalties from music users to music rightsholders (such as musical authors and publishers).
The paper is divided in three sections. Part I will look at the current positioning of CMOs in this new data-intensive ecosystem. Part II will discuss how greater data sharing and reuse can maximize innovation, comparing the music industries with other industries. Part III will make policy and business-model reform recommendations for CMOs to stimulate data-driven innovation, internally and in the industry as a whole….(More)”
