Increasingly, information about products gets intertwined with the actual products, raising new legal and ethical issues. MonkeyParking, for example, is an app that allows people who are parked to alert out drivers that they are about to pull out of a spot, and allows those other drivers to bid on the right to take the vacated parking spot.
You can see the issue: such apps create new information markets whose value lies in the procurement of physical goods, such as parking spaces.
At the heart of the dispute over these services is whether apps should be able to use a public asset to make a profit. The app developers of course argue it is information about parking, not parking, that is the foundation for the business.
Sunday, July 13, 2014
New "Information Markets" Raise Issues
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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