Economics of data (Part 4: The data economy)

Economics of data (Part 4: The data economy) Phuah Eng Chye (29 August 2020) Does the new information economy have new economics, in the long run? When the economy shifted from agrarian to industrial, economists focused on capital accumulation and removed land from production functions. As we shift from an industrial to a knowledge economy, … “Economics of data (Part 4: The data economy)”

Read More

Economics of data (Part 3: Relationship between data and value and the monetisation framework)

Economics of data (Part 3: Relationship between data and value and the monetisation framework) Phuah Eng Chye (15 August 2020) At the macroeconomic level, it is difficult to simplify the relationship between data and aggregate value. For example, the marginal revenue concept is used to explain why although data (like water) is essential, it is … “Economics of data (Part 3: Relationship between data and value and the monetisation framework)”

Read More

Economics of data (Part 2: Market approach to valuing data)

Economics of data (Part 2: Market approach to valuing data) Phuah Eng Chye (1 August 2020) Data has always toiled quietly in the background and its contribution to economic development taken for granted. Hence, it was not recognised as a distinct factor of production and much of the credit of economic value creation was attributed … “Economics of data (Part 2: Market approach to valuing data)”

Read More

Economics of data: (Part 1 What is data?)

Economics of data: (Part 1 What is data?) Phuah Eng Chye (18 July 2020) As some put it, personal data will be the new “oil” – a valuable resource of the 21st century. It will emerge as a new asset class touching all aspects of society. At its core, personal data represents a post-industrial opportunity. … “Economics of data: (Part 1 What is data?)”

Read More

Government of the Data (Part 3: The future of government platforms)

Government of the Data (Part 3: The future of government platforms) Phuah Eng Chye (4 July 2020) Electronic interactions among citizens and governments – for administration (such as submitting applications, tax returns, paying bills, voting) or for surveillance and policing – is becoming the norm. While the risks on the erosion of individual privacy are … “Government of the Data (Part 3: The future of government platforms)”

Read More

Government of the Data (Part 2: India’s Aadhaar and the debate on digital IDs)

Government of the Data (Part 2: India’s Aadhaar and the debate on digital IDs) Phuah Eng Chye (20 June 2020) The largest and most ambitious digital identity (ID) system is India’s Aadhaar system. Padmaparna Ghosh notes “Aadhaar, which was launched by the Indian government nearly a decade ago, aims to give each of the nation’s … “Government of the Data (Part 2: India’s Aadhaar and the debate on digital IDs)”

Read More