China has given the starting signal! The race for data economy is on!
From a Chinese perspective, data is a production factor on par with land, labour and capital. Shanghai’s first data exchange is one of the earliest examples of this new production factor being implemented. It aims at making the collection and sale of data transparent and at enabling companies which collect data to maximize the value and productivity of their businesses. The goal is to put data in the hands of entrepreneurs who can use it most efficiently — just as Western stock and bond markets allocate savings to the companies that can generate the highest risk-adjusted returns. Since artificial intelligence (AI) is the engine of the fourth industrial revolution, data is its fuel. Will there soon also be a data exchange in Europe so that the EU can keep up in the field of AI?
In the latest of her Duet interviews, Dr Caldarola, author of Big Data and Law, and IT-Expert Prof. Dr Dennis-Kenji Kipker talk about the new data commerce in Shanghai’s data exchange.
Read on — https://www.duet-interviews.com/d7u