Category Archives: Value

Ownership

Appliances we use often capture data about how we use them.  Who owns that data, where is it stored, and what is it used for (and by whom)?

“What Your Car Knows About You,” The Wall Street Journal, August 18, 2018 B4. Large of amounts of data being collected from on-board devices, and used by car makers and others.

Will this lead to more targeted advertising?  May be worth $750 billion by 2030.  How much of that will the car owners get?

Sure, currently you have to opt in to this service.  You will read (and understand) the terms and conditions, won’t you?  And this will all be stored securely, with your privacy protected, won’t it?  Not that anyone could use your location or your driving habits against you.

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Filed under Access, Accuracy, Analytics, Controls, Information, Ownership, Privacy, Security, Technology, Value

Value

The value of information can be calculated in multiple ways, from multiple viewpoints.

“My Boss Makes What? (Employees Work Harder If They Know),” The Wall Street Journal, August 6, 2018 R1. Salary transparency makes people work harder.

Is what you make “private”?  Should it be?  Whose interests are served by keeping this information private?  Who owns it, you or your employer?  Do anyone have a duty to keep this private?  Why would your employer want this kept quiet?  To avoid Sally complaining that she works harder/better/faster/quieter than Sue, and should be paid more? Or to keep a competitor enticing Sally away?

Ask yourself why you want to keep your salary private.  Sure, you don’t want marketing agencies targeting you because you’re wealthy, but they probably can approximate your salary anyway.

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Filed under Access, Accuracy, Communications, Controls, Corporation, Culture, Duty, Employees, Governance, Information, Internal controls, Managers, Ownership, Privacy, Third parties, Value

Clarity

“Read This Extremely Important, Totally Incomprehensible, Completely Convoluted Information About Your Broker!” The Wall Street Journal, July 28, 2018 B1. Confusion over required SEC disclosures.

A four-page summary.  But will people read it?  Will most people read more than 4 bullet points?  Unless, of course, there’s a prize.

What value is disclosure if it is in language that the average person won’t read or won’t understand if he/she does?

Governance or Information?  And a pinch of Compliance?

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Filed under Accuracy, Communications, Controls, Corporation, Data quality, Duty, Governance, Information, Internal controls, Investor relations, Third parties, Value

If it’s not free

How much is it worth to you to have access to the Internet on a plane trip?  Apparently, less than they are charging for it.

“Airline Wi-Fi Isn’t Connecting to Profits,” The Wall Street Journal, July 26, 2018 B1.  Is it because the service is too slow, or too expensive?

I adjusted years ago to the lack of quality Internet service while in the air.  I actually like the peace.

But if an airline chose to compete by including this in the ticket price, would it drive traffic?  How many people actually pay for this out of their own pockets, rather than charging it off to their employers?  Do employers notice or care?  What’s your policy?

Is this Governance or Information?  Both?

 

 

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Filed under Access, Controls, Information, Interconnections, Internal controls, IT, Value

Do new laws cost money?

“Data Curbs Put Facebook in Bind,” The Wall Street Journal, July 31, 2018 B4.  The GDPR in Europe places new restrictions on Facebook’s business model.  The new rules make it harder for Facebook to get advertising revenue based on the views by users of the platform.

How well does your company prepare for changes in the law?  Is this on your risk matrix?

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Filed under Business Case, Compliance, Compliance (General), Controls, Corporation, Duty, Governance, New Implications, Risk, Value

Blockchain, again

“Blockchain Helps Track Web Ads,” The Wall Street Journal, July 13, 2018 B4.  Technology used to determine whether “views” are by humans or bots, and where the advertising dollars are going.

How do you track how much of your sales price you actually receive?  For online ad publishers, Blockchain may help.  Also helps the advertisers.

More information is good.  Accurate information, even gooder.

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Filed under Access, Accuracy, Controls, Data quality, Information, Internal controls, Technology, Third parties, Value

Location information

Apparently, if you’re on Verizon, 75 companies know where your phone is.  Is that worth anything to anybody?  Who owns that information and who can sell/rent it?

“Third Parties Know Exactly Where You Are,” The Wall Street Journal, July 16, 2018 B4.

Well, I like to have Uber and Google Maps know where I am.  And FindMyPhone.  Who else?  Do I control that?

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Filed under Access, Controls, Corporation, Definition, Duty, Information, Ownership, Technology, Value