Sharing data with competitors might sound scary to executives, but only collaboration can solve some of industry’s biggest problems.
“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.”
“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.”
“I really believe in open innovation, where you use the capabilities of crowdsourcing to get access to know-how, capabilities, and also domain expertise that you don’t have in-house.”
“Building a reputation of trust and neutrality is really hard. The best way to do it is just to make it clear what business you will be in and what business you will not be in when you start competing with your customers.”
“By getting [telematics] data in house, the ways that we're able to use that data have increased exponentially beyond what we even originally thought... it'll help us shift from, not just being responsive to our customers, but being proactive with our customers.”
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