Sharing data with competitors might sound scary to executives, but only collaboration can solve some of industry’s biggest problems.
Many companies are still wary of sharing data that could expose them to risk and diminish their competitive advantage. What if uniting towards a common goal could help them overcome these fears?
“You have federated learning…to get insights without moving the data. You’re safer. You have less liability. You have greater auditability… it’s got a lot going for it.”
Realizing the promise of digital and gaining a sustainable advantage takes much more than investments in technology. Companies need to expand their capabilities of perception, cognition, and sociality to discover and exploit hidden relationships.
“Data is a clear asset: an asset for business, but it could also become an asset for society if we find out the right incentive structure and also the right governance structure.”
“Many startup companies have good ideas. They don’t have direct lines into customers. By participating in our platform, they have the ability to do that.”
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