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Science Envy
• Physics – Looking for the GOD particle
• Medicine – Curing cancer
• Internet – Serving more porn
Mid-life Crisis
• We are the plumbers
• Industry ignores us
• Our “Large Hadron Colliders” are privately
  owned
• Most interesting publications – Patents!
Why?
• Ubiquitous communication and low-barrier to
  information is CHANGING society
  – Work
  – Commerce
  – Organize
• Traditional constraint (primarily geography) no
  longer hold
• Historic artifacts no longer fit
  – state sovereignty
  – ‘local’ laws
Theory – Experimental Validation
• We don’t have a FIXED base
  – Except maybe for basic human behavior
• Measurements - Danger to predict the PAST
  – Behavior is often constraint by technology
  – Emerging behavior is often chaotic
Running out of Business Model
• Mobile operators don’t have a business model
  in a few years
• Need to change the way they operate
• Very interested in FI ideas and solutions
• Need to take advantage of all the information
  they collect or could collect

                 Lots of DATA!!
Privacy
• “Protecting Privacy” is the WRONG way
• Personal data is a tradable commodity
• What are the right mechanisms?
Big Data – An Education Issue
• We need 100,000s researchers who can
  extract value
• We need 1,000,000s of knowledge workers to
  be able to ask good questions

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Network of Excellence in Internet Science (Definition and Applications, M.Ott, NICTA)

  • 1. Science Envy • Physics – Looking for the GOD particle • Medicine – Curing cancer • Internet – Serving more porn
  • 2. Mid-life Crisis • We are the plumbers • Industry ignores us • Our “Large Hadron Colliders” are privately owned • Most interesting publications – Patents!
  • 3. Why? • Ubiquitous communication and low-barrier to information is CHANGING society – Work – Commerce – Organize • Traditional constraint (primarily geography) no longer hold • Historic artifacts no longer fit – state sovereignty – ‘local’ laws
  • 4. Theory – Experimental Validation • We don’t have a FIXED base – Except maybe for basic human behavior • Measurements - Danger to predict the PAST – Behavior is often constraint by technology – Emerging behavior is often chaotic
  • 5. Running out of Business Model • Mobile operators don’t have a business model in a few years • Need to change the way they operate • Very interested in FI ideas and solutions • Need to take advantage of all the information they collect or could collect Lots of DATA!!
  • 6. Privacy • “Protecting Privacy” is the WRONG way • Personal data is a tradable commodity • What are the right mechanisms?
  • 7. Big Data – An Education Issue • We need 100,000s researchers who can extract value • We need 1,000,000s of knowledge workers to be able to ask good questions