(Almost) as soon as I hit the "Submit" button on my last post, I see
this post from RWW on a new startup (but really built on
online storage company Mozy and an acquired
personal information aggregator startup, into a new service called
Decho. This makes my dream a lot closer, because it provides the backbone infrastructure for app developers (of which I am one) to build on top of this infrastructure and bring the dream closer. The key factor here, as one commenter posted is the
UI, but I also think that user-driven control of their own data is key: it must be really user-driven, very granular (share my gizmo interests/profile with Jack, but not with Jill, tc. and ONLY when I am in a browsing-
gizmos sites mode, versus a business mode. And while you're at it, also don't share that data with
Walmart for
Black Friday, but only with my local gizmo retailer company - I had to give an extreme example, lol). Now Decho is not quite there because it takes a lot more than user-owned
digital data, e.g. online behavioral data. The crux is to build an ecosystem that convinces the BIG Data Owners (those that have a LOT of your data but that don't necessarily use it for anything else than to enrich/optimize on their own core business proposition) that there is more value in data itself beyond using it for operational purposes.
For instance: the Walmarts of the world own a TON of data, BUT: they're not optimizing it per se (other than building
CRM systems to improve their own sales goals via marketing, promotions, etc.). If/when they will realize that just owning that data (but then sharing its control with the consumer) - thus extending their core value prop to a more platform-y, data network secondary business, that will bring the dream closer.
But of course, this must start somewhere and Decho seems to be on the right track here. Thoughts? More to come tomorrow.
Dan,
Some fascinating points in here, and, amazingly enough, they parallel many of the discussion we have been having internally at Best Buy regarding opening up our data to the world.
A couple of notes:
1. Best Buy's open data project, Remix (remix.bestbuy.com) actually fulfills part of your dream (at least, as far as Best Buy is concerned). Using it, you could, today, develop an app/widget where you could choose an item at Best Buy, choose a desired price level and then wait for the price to drop to that level.
2. On the Remix roadmap is opening up our customer data to, well, our customers...such that you could own your own data and manipulate it in any way you see fit...through the Remix API. Of course there are ton of security concerns to work through, and the deveil is always in the implementation details, but we do plan to do this. I'd love to hear your thoughts...
Dave, thanks for this thoughtful comment. I did check out Remix and think Best Buy is on a great path and trailblazing in this area (relative to other retailers), which I am happy to. I will write a post in the next few days specifically about Remix and my thoughts about it.