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Based on the global movement MyData.org (building on GDPR) and work in the Real Time Economy program we now have - in my firm opinion an unique and combination enabling:
1. ethical use of empowered data, and
2. a clear and logical opportunity to take services to an entirely new level (My- and Big Data serving life events - with help also of algorithms and machine learning) making formal righs actionable, and
3. enormous opportunity to improve productivity with standarised and verified - increasingly real time data. Somebody should take time to analyse how much more value is added (and CO2 saved!) when data used is strucured. How much is added when it is standardised (100 fold?), When is also verified (10.000 fold?) And arrives in real time - at its birth - to the algorithm and learning machines (millionfold?). All of course depending on the case - and the volume.
And we now also have successfully tested the road (Findy - Finnish Indy) to and from verified data. Open for all data and actors. ESSIF is an important step for Europe. Easy to be more than enthusiastic - thrilled..
This MyData.org roadmap is clear. https://www.linkedin.com/in/bo-harald-4768b51/detail/recent-activity/shares/
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
10 March
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
07 March
Ivan Nevzorov Head of Fintech Department at SBSB FinTech Lawyers
Kate Leaman Chief Analyst at AvaTrade
06 March
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