Navigating Data Monetization in the Smart Economy: Deciphering the Future with Michael Clark

Edge Of AI Podcast

AI is set to disrupt a lot of things, and fueling the data evolution is one of them. In this episode, Michael Clark from MasterCard, a trailblazer in the domains of data, future value, and digital innovation, shares what he learned from two decades of experience and their recent forays into the world of possibilities offered by AI. Delve into the world of data monetization and gain insights into global examples that illustrate the shifting landscape of data ownership. Uncover the potential for individuals to harness their data, ushering in a future where AI becomes not just an assistant but a personalized guide.

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Key Takeaways:

◆ Data ownership is a crucial aspect, with the potential for individuals to monetize their data.

◆ The changing nature of value, influenced by AI and data, is redefining businesses.

◆ In the transition from knowledge workers to knowledge executors, AI will play a role in gathering insights and humans interpret and execute knowledge.

◆ The value of AI in reshaping financial inclusion and education.

◆ The convergence of technologies and industries is shaping a new economy with innovative business models and personalized services.

◆ The emerging value layer in the digital world will see the rise of data investment vehicles, such as data bonds and ETFs.

◆ Continuous learning, especially in the rapidly changing tech landscape, helps individuals and businesses stay ahead.

Quotes:

◆ This ownership journey and particularly monetization is starting to put the power back into the user.

◆ For an AI to run the way that we would want it to, it has to be running on real-time data.

◆ The unbanked and the underbanked are just left behind today.

◆ We're living in a world of convergence and exponential growth.

◆ We're in the midst of the next revolution.

Tune in and discover how we are heading for a future with a new currency based on data and powered by AI.

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