How to unlock the value of data for all with data-driven innovation?

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Lorrayne Porciuncula
Executive Director
Automatic Summary

Unlocking the Value of Data for All: A Perspective by Lauren Puma, Executive Director of the Data Street Initiative

Named as the new gold rush, data holds immense potential. However, how we unlock this potential responsibly, ethically and inclusively is the crux of the matter. Lauren Puma, Executive Director of the Data Street Initiative, recently spoke at a women's tech conference to discuss this important subject.

Narratives around Data Matter

Firstly, Puma emphasized the growing and diverse world of data where traditional analogies often fall short. Data is unique as it bears characteristics that make it non-rivalrous, multi-dimensional, and capable of replication. She highlighted the need to develop new narratives that can capture this complex nature of data, moving away from viewing it as simply oil, air, water, or labor.

Unlocking the Value of Data for All

Her second point focused on the lingering opportunities with data that's hoarded and not shared, emphasizing on how it's crucial to think about unlocking these for the sake of public interest, climate change, and economic and social value. The goal, according to Lauren, is to create an equitable data society that distributes this created value to all.

Responsibility in Data Use

Concurrently, thirdly, is the need for responsibility in the use and re-use of data. Puma advocated for data accessibility and increased availability for the public interest, but not without instituting traceability and compliance mechanisms to prevent misuse.

Embracing Agile Frameworks

Her fourth argument was around adopting agile frameworks to address new problems arising from the evolving data landscape. Approaches like testing using Sandboxes or creating data sharing communities can help us intertwine data governance with technological innovation.

Building Collaboratively Governed Data Sphere

Lastly, Puma insisted on the need for fostering collaboration and inclusivity to bridge silos within and between sectors. Building trust and transparency between public and private sectors will play a significant role, she affirmed.

'Most importantly, what we need is narratives that bring us together to build a collaboratively governed datasphere that benefits everyone.'

Audience Questions and Engagement

At the end of her talk, Lauren fielded a range of questions, addressing curiosity around aspects like data storytelling, data visualization, and getting beyond the 'gold rush mentality.'

Concluding Words

Lauren's session emphasized treating data not arbitrarily as an asset, but more as a complex relationship that needs to be managed responsibly, ethically, and inclusively. All in all, opening the dialogue on data narratives and formulating innovative methodologies for unlocking the value of data responsibly is the key to extending its benefits to all.

Connect with Lauren Puma on LinkedIn to continue the conversation on this topic. Lauren's passion for data and its responsible use is infectious, making her a go-to authority on the subject.


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