Technology » Data Economy
While many companies are well underway on their digital journeys, most organizations have yet to realize their data’s full potential.
When it comes to data sharing in the AI era, policymakers need to ensure that the rules of the game reflect the realities of the tech.
Why don’t more firms share data with others to tackle big, industry-wide problems that they simply cannot solve alone?
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.
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