Social Capitalism and The Culture of Data

by Dan Robles on 07/11/2010

petri dish large 300x218 Social Capitalism and The Culture of  DataData are the raw material of the next economic paradigm.  Data, information, knowledge, innovation, and wisdom are all related; but it all starts with data.  In order to produce anything valuable in the domain of social capitalism, the creation and formation of data is hypercritical.  The better the data, the better the information, knowledge, innovation, wisdom and culture that will follow.  Each stage of transformation along the chain reaction from “data” to “culture” is an opportunity for both great value creation AND astonishing corruption.

Data are Kings:

Yet data are often collected and processed with very little vetting.  We all know that information is most easily spun from the data collection process.  We know that bad knowledge comes from bad information, and we know that unsuccessful innovation comes from inappropriate knowledge.  Obviously, to be an unwise leader is to be unimaginative leader.  A failed culture creates failed data…and the circle completes itself.

Data are an asset:

On the other hand, the ability to collect data is often the most tangible intellectual property that an organization can hold.  It is easy to copy a patent but difficult to recreate the system that generates patents.  Excellent data results in excellent technology from the moon landings to the Internet. The trick is that all assets must contain two components; a quantity and a quality.  This means that some rigor is needed in the data collection process. When data are produced, the quantity is the “measurement” but the quality is the certainty or uncertainty that what is being measured is actually what is being observed.

Data Relationships

Phenomena such as art, politics, emotions, capital markets, and spirituality are difficult to measure because the item being observed exists as a function of the observer’s interaction with it.  Still, the quality of the data includes the certainty that all data were measured the same way AND some disclosure of the uncertainty that remains.  This is an area of great omission and where severe problems arise especially where the most people rely on the data to make decisions.  The term “comparing apples to oranges” is  a real problem and it is particularly elusive at very early and highly incremental stages of ideation.

Mouse goes squeak:

Often the people involved with the intensely small or incremental portion of the data design and collection process are the least powerful people in the supply chain.  Often they have the least say in how the data is analyzed and certainly have no visibility of what happens upstream.   It is tragically amusing that the dominant characteristic of most hierarchies is that each level of management “filters” the data from lower levels and delivers it to the next level where actions are authorized.

The Culture of Data

Social media is entering the human culture at an incredible rate.  Social media has also shown us what happens when the good data becomes the important information, which increases knowledge among the most people leading to increasingly effective innovation and changing the conventional wisdom about an increasing diversity of subjects.  Social Capitalism will replace Market Capitalism simply because the culture is superior.

Hint: Culture Produces The Data.

{ 34 comments }

Melissa Sparks July 14, 2010 at 1:04 am

Social Capitalism and The Culture of Data by Dan Robles http://lnkd.in/q85nw8

Business 3.0 Tech. July 12, 2010 at 5:23 pm

RT @JDeragon: Social Capitalism and The Culture of Data #socialmedia #socialstrategy #socialbusiness http://bit.ly/anUdzO – Data Data Data!

ingenesist July 12, 2010 at 1:56 pm

RT @JDeragon: Social Capitalism and The Culture of Data ##socialmedia ##socialstrategy ##socialbusiness http://bit.ly/anUdzO

Tiago July 12, 2010 at 12:00 pm

#Midiassociais – Social Capitalism and The Culture of Data http://ow.ly/29Sdt #socialmedia

andrew washington July 12, 2010 at 7:35 am

Social Capitalism and The Culture of Data | http://bit.ly/aNuFnc

Holt Communications July 12, 2010 at 7:03 am

This was interesting Social Capitalism and The Culture of Data http://bit.ly/9QnetG #socialeconomy

Holt Communications July 12, 2010 at 7:03 am

This was interesting Social Capitalism and The Culture of Data http://bit.ly/aNMRNv #socialeconomy

Brand Social July 12, 2010 at 1:23 am

Social Capitalism and The Culture of Data | http://ow.ly/185QC0

Harish Kotadia July 11, 2010 at 5:44 pm

Social Capitalism and The Culture of Data http://bit.ly/aE0Eua #scrm #pr #cmo #e20

Allen Howell July 11, 2010 at 12:48 pm

RT @JDeragon: Social Capitalism and The Culture of Data ##socialmedia ##socialstrategy ##socialbusiness http://bit.ly/anUdzO

Rebecca Greenstein July 11, 2010 at 12:29 pm

Why does data become messier and more inaccurate when more data collection /org. platforms are brought into companies? http://bit.ly/9VBcHl

SCM Eqentia News July 11, 2010 at 11:23 am

Social Capitalism and The Culture of Data http://ow.ly/185qVk

Social Media Insider July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/cMecLt #Socialmedia

Social Media Insider July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/cMecLt #Socialmedia

Wes July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simply because the cul… http://bit.ly/9QnetG

Wes July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simply because the cul… http://bit.ly/9QnetG

JobShoots July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/biMx7L #news #socialmedia

JobShoots July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/biMx7L #news #socialmedia

JobShoots July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/biMx7L #news #socialmedia

JobShoots July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/biMx7L #news #socialmedia

Alltop July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/aDO4BM Social-Media.alltop

Alltop July 11, 2010 at 11:19 am

Social Capitalism and The Culture of Data http://bit.ly/aDO4BM Social-Media.alltop

vincenzo carbone July 11, 2010 at 10:42 am

RT @JDeragon: Share it: Social Capitalism and The Culture of Data http://bit.ly/cKCPRR

smconnection July 11, 2010 at 10:33 am

Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simply because the cul… http://bit.ly/cXFWTu

Joe Grasso July 11, 2010 at 10:33 am

Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simply beca… http://bit.ly/9QnetG [email protected]

card4net July 11, 2010 at 10:17 am

RT @JDeragon: Social Capitalism and The Culture of Data ##socialmedia ##socialstrategy ##socialbusiness http://bit.ly/anUdzO

Achievers Network July 11, 2010 at 10:02 am

Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simply because the cul… http://bit.ly/cXFWTu

Aron Stevenson July 11, 2010 at 10:02 am

Social Capitalism and The Culture of Data http://bit.ly/9QnetG #socialmedia

prblogs July 11, 2010 at 10:02 am

RelationshipEcon: Social Capitalism and The Culture of Data: Social Capitalism will replace Market Capitalism simp… http://bit.ly/cXFWTu

StarGazon July 11, 2010 at 10:01 am

Social Capitalism and The Culture of Data via The Relationship Economy – Data are the raw material of the … http://tinyurl.com/344mx6r

Angela Suddarth July 11, 2010 at 9:51 am

[email protected] Social Capitalism and The Culture of Data:
Data are the raw material of the next economic paradigm. … http://bit.ly/aXiEwb

The Social CEO July 11, 2010 at 9:51 am

The Social CEO Social Capitalism and The Culture of Data:
Data are the raw material of the next economic paradig… http://bit.ly/aXiEwb

JDeragon July 11, 2010 at 9:49 am

Share it: Social Capitalism and The Culture of Data http://bit.ly/cKCPRR

Mark Jones Jr July 11, 2010 at 8:06 am

I have to disagree on this point. I tend to think that data are more like matter – they can neither be created nor destroyed. Data are. They cannot be created. They can merely be observed…this is what causes the uncertainty.

Comments on this entry are closed.

{ 2 trackbacks }

Previous post:

Next post: