Economics of data (Part 5: Tax policies) Phuah Eng Chye (12 September 2020) Data abundance is a prerequisite for and an outcome of scaling the levels of monetisation and exchange in society. But it also leads to the concentration of data ownership and the dominance of a handful of global platforms. This trend has broad … “Economics of data (Part 5: Tax policies)”
Tag: Information society
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)”
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)”
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)”
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?)”
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)”