Comments on: Democratizing Data http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/ Exploring How Mass Collaboration Changes Everything Sun, 28 Aug 2011 14:21:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Reviving the Reality Television Genre | Cheeky Fresh http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/comment-page-1/#comment-278028 Reviving the Reality Television Genre | Cheeky Fresh Tue, 12 May 2009 02:54:29 +0000 http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/#comment-278028 [...] with friends, mine it for ideas and innuendo, and use it in amateur films. Viewers want to “democratize” the footage. Fair or not - that’s what increasingly tech-savvy audiences want - they want to participate [...] [...] with friends, mine it for ideas and innuendo, and use it in amateur films. Viewers want to “democratize” the footage. Fair or not – that’s what increasingly tech-savvy audiences want – they want to participate [...]

]]> By: The United State’s New CIO, Vivek Kundra | ideonexus.com http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/comment-page-1/#comment-257290 The United State’s New CIO, Vivek Kundra | ideonexus.com Thu, 12 Mar 2009 20:01:25 +0000 http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/#comment-257290 [...] of his efforts to build a Digital Public Square. This concept is synchronous with the concept of democratizing government data. That is, the government should simply give us all the raw data and leave it to citizens to [...] [...] of his efforts to build a Digital Public Square. This concept is synchronous with the concept of democratizing government data. That is, the government should simply give us all the raw data and leave it to citizens to [...]

]]> By: Wikinomics » Blog Archive » A picture made of 1000 words http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/comment-page-1/#comment-169585 Wikinomics » Blog Archive » A picture made of 1000 words Wed, 27 Aug 2008 22:54:07 +0000 http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/#comment-169585 [...] 27th, 2008, 06:54pm We’ve blogged before about visualization tools like ManyEyes and Swivel (here, here, and here), but I thought I’d reiterate the point of how powerful and readily available [...] [...] 27th, 2008, 06:54pm We’ve blogged before about visualization tools like ManyEyes and Swivel (here, here, and here), but I thought I’d reiterate the point of how powerful and readily available [...]

]]> By: Ben Letalik http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/comment-page-1/#comment-134291 Ben Letalik Fri, 13 Jun 2008 15:04:54 +0000 http://www.wikinomics.com/blog/index.php/2008/06/12/democratizing-data/#comment-134291 Dan, This is a very interesting topic and certainly something I would like to know more about. I think the democratization of government data is becoming more necessary as public trust of the government declines with each month. I am particularly concerned with the government’s CPI statistics. The measures and especially the language used when the government describes CPI figures are confusing for someone like me with a background in economics and business. I can’t imagine how confused an average voting citizen would be. Language like “seasonally adjusted” would mean very little to the average voter. <a href="http://www.debtfree-revolution.com/2008/05/15/cpi-inflation-and-reality/ " rel="nofollow">Some believe</a>this language is used to mask the true underlying inflation numbers. Visualization tools and releasing the underlying data could make confusing, yet very relevant statistics like CPI more understandable to the voting population. Democratized data adds another piece to the elusive “perfect information” puzzle required for perfect capital markets. How can corporations and citizens make wise investment decisions if such vital stats like inflation are obscured and unknown? I imagine with all this data being public, simple, easily understood visualization tools could clear up the confusion. It seems like the fed has taken notice as CPI was higher than expected in <a href="http://money.cnn.com/2008/06/13/news/economy/CPI/index.htm" rel="nofollow">May</a>, and <a href="http://calculatedrisk.blogspot.com/2008/06/will-fed-raise-rates-in-august.html" rel="nofollow">raise the rate in August</a> Dan,

This is a very interesting topic and certainly something I would like to know more about. I think the democratization of government data is becoming more necessary as public trust of the government declines with each month.

I am particularly concerned with the government’s CPI statistics. The measures and especially the language used when the government describes CPI figures are confusing for someone like me with a background in economics and business. I can’t imagine how confused an average voting citizen would be. Language like “seasonally adjusted” would mean very little to the average voter. Some believethis language is used to mask the true underlying inflation numbers. Visualization tools and releasing the underlying data could make confusing, yet very relevant statistics like CPI more understandable to the voting population.

Democratized data adds another piece to the elusive “perfect information” puzzle required for perfect capital markets. How can corporations and citizens make wise investment decisions if such vital stats like inflation are obscured and unknown? I imagine with all this data being public, simple, easily understood visualization tools could clear up the confusion.

It seems like the fed has taken notice as CPI was higher than expected in May, and raise the rate in August

]]>