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data economy - Coggle Diagram

- - - - free services
      - their market share look less worrying as there are still offline rivals
    - - snapchat
  - - - aboundance of data
        
        more data
        
        volume increasing with digitalization and IoT
        
        AI extracts more value from data with machine learning and algorithms
        
        with network effect
        
        what is network effect
        
        the more the users are, the more attractive the service is
        
        how data work with network effect
        
        extra network effect: the more the data is, the more knowledge serve providers have to improve their products to attract even more users
        
        vast pools of data can act as protective moats.
        
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        changes the nature of competition
        
        past: can be blindsided by
        
        startup in a garage
        
        unmatched God's eye view
        
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        unexpected technological shift
        
        now:
        
        barriers to entry: resources
        
        early warning system
        
        shoot-out aquisition
        
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- - - - past: size-based assessment
      - now
        
        data-based assessment
        
        using aquisition price as in indicator
        
        use data to analyze market dynamics
    - - more transparency
        
        companies need reveal data-related information
        
        government
        
        mandate sharing of certain kinds of data
        
        open-up more data vaults
        
        manage crucial parts as public infrastructure