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Data Learning Effects - Coggle Diagram
Data Learning Effects
Competitive Advantage
Compounds Faster
What it means to us?
Marginal output
Unique
Makes Products Cheaper
Price Determination is easier
Scaling Limits
Technology
Regulations
Lack of marginal utility of customers
Storage Costs
Data Network Effect
Each increments adds info to a user
Different from a normal Network Effect
2 Types
Entry Level
Adding data yields Positive effect
Needs data from outside
Next Level
Adding data + AI makes Positive effect
Data picked up from feedback loop
Economies of Scale to Data
Not a Data Scale Effect
Data Processing Capabilities