Very insightful article. On data being more valuable than oil. The data economy is here. On Sat, 6 May 2017 at 05:24 Ali Hussein via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Rosemary
Thanks for sharing.
One paragraph stands out:-
*The nature of data makes the antitrust remedies of the past less useful. Breaking up a firm like Google into five Googlets would not stop network effects from reasserting themselves: in time, one of them would become dominant again. A radical rethink is required—and as the outlines of a new approach start to become apparent, two ideas stand out.*
This guy stole my lines!! :-)
Read my blog of August 13, 2015 on the Telco Wars in Kenya.
https://www.linkedin.com/pulse/kenya-telco-wars-proxy-fight-opportunity-shap...
This article is very important and pertinent to our current pet subjects of Dominance, breaking up companies etc. the old metrics simply don't cut it anymore. The art life goes on to say:-
*Trustbusters must also become more data-savvy in their analysis of market dynamics, for example by using simulations to hunt for algorithms colluding over prices or to determine how best to promote competition (see Free exchange <http://www.economist.com/news/finance-and-economics/21721648-trustbusters-might-have-fight-algorithms-algorithms-price-bots-can-collude>).*
Who can argue with that?
@Walu, @Ngige I recommend you guys read this economist article. And reread my blog above again. :-)
*Ali Hussein* *Principal* *Hussein & Associates* +254 0713 601113
Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim
"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." ~ Aristotle
Sent from my iPad
On 5 May 2017, at 9:49 PM, Rosemary Koech-Kimwatu via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Hello listers,
The article below features an emerging school of thought in regards to regulating tech giants, previously viewed as 'untouchables', from an anti-trust point of view.
http://www.economist.com/news/leaders/21721656-data-economy-demands-new-appr...
Kind regards
Rosemary Koech-Kimwatu Lawyer -FinTech and ICT Policy On May 3, 2017 9:36 PM, "Ahmed Mohamed Maawy via kictanet" < kictanet@lists.kictanet.or.ke> wrote:
Thank you Wangari,
But you and I both know that the New York times can not one day wake up and decide to become a social network. We need to respect businesses for what they want to become not what they are meant to become.
Ahmed
On Wed, May 3, 2017 at 12:15 PM, WANGARI KABIRU via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Blessed Wednesday!
I am compelled to imagine my village chief running after every mad man , or sending troops after each of us presumably relatively sane ones as we have our private gatherings and share our opinions with family and friends.
However, where the line is drawn in the instance of the Facebooks and other media touted as "social" and "not editorial news media" is when it appears (real or imagined) that they propagate certain kind of views to go viral. This was the wholabaloo and yes for the Kenyan elections(or anywhere) it should be cause for concern.
Do the Facebooks have the ability and capacity to do this? I suspect we may perhaps need to ask the algorithms used.
There is no bargaining, digital consumer education is a must must to be enhanced and it is not to be left just to the private sector who creates the solutions.
Secondly, with the digital developments, in the real police, there must be a new kind of "digital police service", which perhaps should be an algorithm.
Have a blessed day.
Regards/Wangari
--- Pray God Bless. 2013Wangari circa - "Being of the Light, We are Restored Through Faith in Mind, Body and Spirit; We Manifest The Kingdom of God on Earth".
On Wednesday, 3 May 2017, 11:24, Ahmed Mohamed Maawy via kictanet < kictanet@lists.kictanet.or.ke> wrote:
The buck here does not only end with Facebook.
This discussion is very similar to the Privacy Policy discussion. For instance, we can enact Privacy Policy on Software and Services but does it help that much if the consumer is not aware what a Privacy Policy is and what its meant to be all about?
Facebook can add to the situation by making it easier to spot fake news. But then, we will argue that:
1. This will suppress freedom of expression. 2. Will beat the purpose or need to have Facebook become a "social platform" instead of a "news platform".
This is why you can report a post as well as have facebook flag a news item, but Facebook is not in a position to block it, unless there is significant action on the side of the consumer for it to be done so. To block it from the source is equal to *censorship*.
There should be more of a drive to have consumers aware of what fake news is, how to spot it, and how to report it, and how to get awareness out there on what the truth is.
On Wed, May 3, 2017 at 6:55 AM, Ali Hussein via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Listers
There's no doubt that Facebook has become THE News Platform that humanity relies on. The numbers are staggering. Nearly 2 billion people use Facebook every month and 1.2 billion daily. It has become a mirror of our lives. In more ways than we can imagine.
In 2016 however, Facebook's huge influence in our lives became its biggest liability - During the U.S. election, propagandists — some working for money, others for potentially state-sponsored lulz — used the service to turn fake stories into viral sensations, like the one about Pope Francis’ endorsing Trump (he hadn’t <http://www.factcheck.org/2016/10/did-the-pope-endorse-trump/>). And fake news was only part of a larger conundrum. With its huge reach, Facebook has begun to act as the great disseminator of the larger cloud of misinformation and half-truths swirling about the rest of media. It sucks up lies from cable news and Twitter, *then precisely targets each lie to the partisan bubble most receptive to it.*
Locally we are seeing similar versions of the problems of the US Election being enacted. The most visible one was during the months long doctors' strike where pro and against teams were using not only Facebook but twitter and Whatsapp to spread truths, half-truths and outright lies.
Should Facebook be held responsible for 'fact-checking' (which by the way they have already instituted certain measures to do this) and hire editors to 'police' what people post? Or is this a reflection of how society is and has nothing to do with Facebook or Social Media at large. The only problem with this is that Pre-Social Media lies and fake news usually were confined to certain social groups, parties, families etc. Today, you can be an instant famous or infamous person by a click of the button.
What can we do in Kenya and Africa in general to ensure this doesn't adversely affect our socio and cultural foundations?
Read on:-
https://www.nytimes.com/2017/ 04/25/magazine/can-facebook- fix-its-own-worst-bug.html?_r= 0 <https://www.nytimes.com/2017/04/25/magazine/can-facebook-fix-its-own-worst-bug.html?_r=0>
*Ali Hussein* *Principal* *Hussein & Associates*
Tel: +254 713 601113 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/ alihkassim <http://ke.linkedin.com/in/alihkassim> <http://ke.linkedin.com/in/alihkassim>
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KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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