🌟 Reflecting on an insightful panel discussion on governing urban data for the public interest! 🌟
The quantity of data harvested by commercial companies is growing. Data-driven business models are at the heart of corporate strategies, leading to an unprecedented centralization of not just economic power, but also broader social and political power. And adding to this, data held by corporate data holders is de facto their property, even if it retains legal status and economic connotations as a public good and as a non-rivalrous resource. These data holders function as gatekeepers, controlling and in many cases restricting access to data.
This prevailing dynamic underscores the challenges faced in governing urban data for the public interest, as discussed in yesterday's panel hosted by my Alma mater UCL Institute for Innovation and Public Purpose .The panel, featuring Rainer Kattel, Francesca Bria, Theo Blackwell MBE and Henri Verdier, delved into crucial topics surrounding urban data governance and its implications for societal well-being.
The current data economy is based primarily on the appropriation and extraction of social resources, for profit, through data. And in turn privatization of data serves corporate profits rather than the common good, in particular because data access, when provided, is skewed towards private actors. We face a spiral movement that sucks value away from the public sphere and into the private sector. This very much resembles a “one-sided commons” where data is free to be captured and exploited by private actors but no obligation exists to contribute back.
Despite these challenges, the panel emphasized the potential for collaboration and innovation to shape a more inclusive and equitable future. It was a powerful reminder of the need to challenge prevailing attitudes and advocate for data governance that prioritizes the public interest.
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