Big data and big techs: understanding the value of information in platform capitalism

Abstract

One of the major challenges that result from the digital transformation occurring in our societies bears on its impact on the organization and regulation of the economy. This leads to a dramatic change to the economic institutions of capitalism—into what could be defined as platform capitalism—that rests on a fundamental dilemma between ‘decentralization’ on the one side and ‘concentration’ on the other. This is the main puzzle that the emergence of a big data driven economy is actually offering to law and economics scholars and to policy makers. This paper introduces to some of the major aspects of this dilemma.

Educational Warehouse: Modular, Private and Secure Cloudable Architecture System for Educational Data Storage, Analysis and Access

“…Sentences such as "data are the new oil" or concepts such as "data capitalism" [16,70] highlight the importance of data as drivers of our knowledge-based society. From time immemorial, data has been a source of power and knowledge.…”

“…Nowadays, lots of data types are collected to improve services as commodities for society and the educational context, risking the privacy and security of people's data and, consequently, both their real and digital identity. This has been the case in recent misuses, data leaks and improper access due to the high value of data in data capitalism platforms [70] where privacy and security are at risk because of daily surveillance [15]. In terms of the educational context, maintaining the privacy, security and digital identity of students and their data is even more critical.…”

What Dead-and-Dying Platforms Do for Internet Studies: Situating Technological Failure, Digital Afterlife, and the Web That Was

“…The development, influences, and political impacts of social media platforms have attracted much scholarly attention (Zhuravskaya et al, 2020). From the early-day optimism of the liberalising potentials of the Internet and social media (Barlow, 1996) to recent critiques of the data-based surveillance capitalism of platforms (Deibert, 2019;Fraser, 2020;Marciano et al, 2020;, most of the literature on platform politics is derived from observations of Big Tech Western platforms including Facebook and Twitter (Jackson et al, 2020;Vaidhyanathan, 2018). In reality, however, Internet platforms are regional and context-specific (Steinberg & Li, 2017;W.…”

Artificial Intelligence and Market Manipulations: Ex-ante Evaluation in the Regulator's Arsenal

“…The latter plays an important function: it informs market participants before they make a decision. There is abundant literature on the concept of "value of information," and some authors have looked at the value of information in the context of price strategies on digital markets (Warin and Leiter 2012;Warin and Troadec 2016) as well as from a regulatory perspective (Marciano, Nicita, and Ramello 2020). With A.I., now some firms have access to the aggregated information and the customer's value of information, through notably recommender systems.…”