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Shaping the Future: Future-Thinking, Strategy and Innovation!

The role of Data in AI business models! There are many strategies for creating a competitive advantage when building AI systems, but the two most prominent are controlling access to data and algorithms. Businesses need to identify the costs and benefits of making more data available as part of the AI systems they are building. They need to understand the potential implications of failing to increase access to data around stifling innovation and encoding unintended bias. In light of the current trend towards people having greater control over data about them, businesses need to design AI systems that create trust. If they do not, companies risk losing access to data, either from individuals withdrawing consent, competitors siphoning users, or through government interventions in the market. This is a great and very timely read by the Open Data Institute. Check it out: https://lnkd.in/gjwAqKt

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And Pharma is starting with the lower left quadrant due to regulatory controls over medical information, not necessarily because of data privacy.

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