alex pentland Archives - Philip Sheldrake

9 April 2015 / 0 Comments

Different kinds of privacy, empowerment and autonomy – centralized versus decentralized

qs-watch [Originally posted to the hi:project blog.]

In an article in the Guardian last week, Professor Alex 'Sandy' Pentland mooted the potential for Google to cleave in two, with one part dedicated to providing a regulated bank-like service for data. Pentland directs the MIT Human Dynamics Lab and co-leads both the Big Data and the Personal Data and Privacy initiatives of the World Economic Forum, and I'm surprised how often his name crops up in my hi:project related research, yet I find it difficult to reconcile his observation here with his fluency in the power of decentralized networks:

Social physics strongly suggest that the [Adam Smith’s] invisible hand is more due to trust, cooperation and robustness properties of the person-to-person network of exchanges than it is due to any magic in the workings of the market. If we want to have a fair, stable society, we need to look to the network of exchanges between people, and not to market competition.

Pentland continues under the heading: How can we move from a market-centric to a human-centric society? Read more

27 February 2014 / 1 Comment

Big data. Big trust.

This morning, my colleague Hector Arthur pointed me to a new report from Ovum's Mark Little knowing I'd have a few comments to make. In the corresponding blog post – "Big Trust is Big Data’s missing DNA" – Mark kicks off with:

In the rush to monetize customer data, companies risk diminishing the trust people have in services and brands. Sustaining and growing people’s trust in services is not just about “doing the right thing,” but also makes commercial sense.

As I like to say in other words, big data is worth more when wielded with customers rather than at them. Ovum calls this approach Big Trust.

Big Trust strategies are designed to build “trust equity” with customers as a basis for making core services stickier, for selling new services, and for brokering personal data to commerce under a new set of trust principles.

Public relations

The outlook is informed, directly or indirectly I know not, by the excellence theory of public relations presented by James E Grunig more than twenty years ago, which champions the two-way symmetrical PR model. This model uses communication to negotiate with the public, resolve conflict and promote mutual understanding and respect between the organization and its stakeholders. My Six Influence Flows model from 2011 extends this work for the digital / social / big data age, and you can find out more about PR models in my post here if it's your thing.

Of course, this is not how the majority of practitioners practice PR, deferring instead to publicity and 'spin', which may be associated more closely with distrust than trust. But excellent practice is championed if, as a shrewd procurer, you know where to look. Read more

25 February 2014 / 4 Comments

“Our goal is to become a social business but how do we get the revolution started?”

During a deep and meaningful conversation recently, my interlocutor declared:

Our goal is to become a social business but how do we get the revolution started?

This post addresses two problems integral to this statement.

A means not an end

Social business is a fairly fuzzy concept at the best of times. Some consider it synonymous with terms such as Enterprise 2.0, Agile Business, Responsive Organization, and Future Work, whereas others more deeply invested in any one may argue the differences. For the record, I describe social business by way of the following challenge:

Do you help all the individuals associated with your organization (employees, customers, partners, suppliers, shareholders, etc.) build worthwhile relationships with each other and others, coalescing by need and desire, knowledge and capability and shared values, to create shared value?

Shared values

Some pundits prefer to talk about shared purpose rather than shared values, and I think this may well be akin to Stowe Boyd differentiating between collaboration and cooperation with shared purpose relating to collaboration and shared values relating to cooperation. In his words: Read more