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Building the New Economy: Data as Capital

Alex "Sandy" Pentland

Technology & society

Building the New Economy: Data as Capital

By Alex "Sandy" Pentland, the Toshiba Professor of Media Arts and Sciences and director of MIT Connection Science; Alexander Lipton; and Thomas Hardjono, technology director of MIT Connection Science and of the MIT Trust::Data Consortium

MIT Press · 2021

Data are now central to the economy, government, and health systems - so why are data and the artificial intelligence systems that interpret data in the hands of so few? "Building the New Economy" argues that we need to think about data as a new type of capital, and that data trusts and distributed ledgers can empower people with user-centric data ownership, transparent and accountable algorithms, machine-learning fairness principles and methodologies, and secure digital transaction systems.

From Summer 2022 recommended reading from MIT (MIT News). Cover image via Google Books.