Topic: Who owns the technology, owns the world (Read 519 times)

I watched an interview wit the founder of Alibaba who said that in the coming decades, data would become more valuable than anything else. The person/organization with the most data would be the most powerful in the world.

Technology is just one step, but without it we get nowhere. You talk about workers moving abroad to get a higher standard of living, but what about workers in developed countries? You need technology in all walks of life.

But you need to have the tools or capability how to transformed that information. Its not the amount, but what this data means to you. If you don't know how to analyze it and comes up with a solution to your problem then it has 0 meaning.


Exactly, That's how Microsoft or Google used all the data they have to their advantage business wise. The made good decisions because they analyze this data. And engineers are finding ways how to store this raw and unstructured data because its gonna be really huge. You don't want to throw away something because you might need it for future reference and analysis. You need it raw as possible to be able to come up with a better business decisions.

technology is only one part of the equation; until we innovate all the way to total automation, we will require people to operate technology. a lack of skilled workers is what plagues modern job markets; workers are often incentivized to move abroad to persue a higher standard of living in a given career.  people are much easier to control than technologies; people make themselves, but unique and innovative technologies dont come around so often.

Your world and your own life. This question regarding on who owns technology then i would say is on its users. Somebody might able to create such inventions or innovation but those creations wont be effective or develop if theres no much users of it this is why i do consider all of us are the owners.Its not actually who owns the technology would really own the world.

I look at data from the point of view of idea . The idealist school of thought have always posit that idealism supersides materialism. This has begun to be proven in different spheres of our daily life. Idealist maintain that one first conceive an idea before sourcing for ways to get them(the ideas) to manifest. That idea is cummulated into knowledge (which could be called technology ) before coming to material form as computers , appliances, mouse, cars, planes/jets etc or the conceiving of bitcoin cryptos - which is now taking the world into another phase of exchange.

Technology can make you reach heights. It can take you from one place to another. So yes who owns technology, owns the world. Through technology I came to know about bitcoin. And no I don't own the world. But I think its a step towards owning my world.

That's the neat thing about Bitcoin, is that nobody owns it but the users. The users have the power as you saw with the UASF.

Years ago, one of Bill Gates' declared goals was for microsoft windows to provide users with "information at their fingertips". Microsoft never truly achieved this goal, but google did achieve it to a relative degree with their search engines which could coincide with them progressing from a tiny company started in a garage to ultimately becoming a big international tech conglomerate.

Big data is emerging as one of the bigger tech buzzwords of recent times as engineers strive to find ways to make sense of the petabytes of data generated, stored and transmitted across the internet in digital format.

There is a need and problems to be solved, which could translate to opportunity and monetary success.

Information in an information age could be like the spice in Frank Herbert's Dune series.

So it all falls down to information.  We are already in an information era, so definitely having more data is an advantage.  One can't take advantage of any technology if they do not have information on how to use it.  Or no one can create another advanced discovery if they do not have the fundamental data in their hand.  So it is true that "He who owns the information, he owns the world".

Kind of a side note, but I just watched an interview with the founder of Alibaba - Jack Ma - who says that in the coming decades, data will be the new "water & soil" as it is becoming ever more important in today's world.

The more data you have, the more powerful you are. It is that simple. If you don't know anything, or in other words lack any significant amount of data, you will walk around ignorantly as others who do have data become rich.

The phrase “He who owns the information, he owns the world” became famous thanks to the desire of the Rothschilds to be the first to know the news. Winston Churchill loved to repeat the same phrase. But all the great men said the phrase knew that information is only precious if you know how to use it further.

Our world thirsts for information. Just a couple years ago the worldwide market went crazy about Big Data and possibilities they might open but dreams became phantoms – no one knew how to work with all the collected information. Now the situation is totally different. There are a lot of tools to analyze the raw data and to turn them into the useful statistics and accurate forecasts now on the market. Companies can use this information to enhance their services, to automate processes, to gain insights into their target market and to improve the overall performance using the feedback they get.

For example, the online retail giant Amazon has access to a massive amount of data about its customers, what kind of purchases they make and what are they searching for. While this data is obviously put to advertising algorithms, Amazon also uses the information to improve customer relations, the area that many Big Data users overlook. General Electric uses the data from sensors on machinery like gas turbines and jet engines to identify ways to improve working processes and reliability. Starbucks uses Big Data to determine the potential success of each new location.

One more innovative and promising tool to transform the data from raw to useful is neural networks. Even though they have been established as the well-known method in business, there is enormous space for additional research, and here is the case to show it. In the Southeast Asia, the fintech company MicroMoney uses the neural networks and Big Data tools in its own scoring system for a rapid creditworthiness assessment of a client with no credit history. Instead of papers, certificates, and cross checking scoring system analyzing personal data from a borrower’s smartphone. All that's needed is to install the MicroMoney application, sign the agreement to use the personal data and to complete the loan application online. Then the scoring system analyzes all the available data, sets a credit rate and identifies potential credit risks with an accuracy of more than 95%. In case a customer reaches the certain credit score points the system approves the loan automatically and sends the money to a user’s e-wallet.

Scoring system constantly reviewing data within its increasing database. The more data processing, the faster and more accurate is the result of customer’s creditworthiness evaluation. In future self-learning algorithms can provide people with all kind of services even before they think about it. For example, a man announces in his social account that his wife is pregnant. This man is known as a reliable client of the MicroMoney, he has a high credit rating. The scoring systems catch this fact, correlate this information with his recent searches for houses to rent in search engines, evaluate his credit rate and he receives a special offer of mortgage for house buyers, with all interests and payments specified due to his monthly income. Or, let’s say, a girl is graduating with a bachelor’s degree with her marks higher than average score and searches for other universities to continue her education. The systems are able to analyze her bank account, to find that she has not enough money to enroll and offer her a student loan.

There is no doubt that these technologies can change not only banking industry but the way people consume, spend and save their money. We already face all benefits of targeting advertising but it is only beginning of the integration of smart technologies in our everyday life.