Big Data and Data Ownership Rights: The Case of Car Insurance

Customers’ data points sources are growing, through the Internet of Things (IoT), telematics and interfacing with third parties’ platforms. Third parties provide either by-product data about their clients, or data that are generated for the specific task of a more accurate measurement of behaviour. One of the core building blocks in insurance is understanding risk – therefore, innovation around data points (sources and analytics) to proxy risk is the engine behind its digital transformation. While the value of data points is clear for the providers of insurance products and services, the customers have not only less control over their data, but also hardly benefit from the creation of those data points. In this paper we provide a case study from the British car insurance industry, about a data-driven product that pivoted into a re-designed personal data right architecture, which included transparency, traceability and usability of customers’ digital traces, and enabled customers’ ownership rights over their data.publishedVersionPaid open Acces

The Achilles heel of a strong private knowledge sector: evidence from Israel

Scientific research in universities is a critical and powerful component of knowledge creation for any society. However, for a country like Israel, one with no resources but its human capital – and that faces constant regional instability - scientific research is crucial for its existence. Historically, there was a fundamental understanding that in such a small country only universities can ensure viable, profound and high-calibre research, by critical mass of human capital and by optimising its resources. In this study, we look at the role of Israeli research universities in the National R&D System, why Israel is unique in its R&D structure, and how that structure is related to the universities' roles. We found that, despite Israel's outstanding ranking, in comparison to other OECD countries, for its R&D inputs and outputs, the Israeli universities' R&D output – measured in patents – is highly volatile and mostly affected by the country's strong business sector. This finding has implications regarding the strengthening of specific fields of research and the discussion about the role of universities in conducting applied vs basic research

Big data and data ownership rights: The case of car insurance

Customers’ data points sources are growing, through the Internet of Things (IoT), telematics and interfacing with third parties’ platforms. Third parties provide either by-product data about their clients, or data that are generated for the specific task of a more accurate measurement of behaviour. One of the core building blocks in insurance is understanding risk – therefore, innovation around data points (sources and analytics) to proxy risk is the engine behind its digital transformation. While the value of data points is clear for the providers of insurance products and services, the customers have not only less control over their data, but also hardly benefit from the creation of those data points. In this paper we provide a case study from the British car insurance industry, about a data-driven product that pivoted into a re-designed personal data right architecture, which included transparency, traceability and usability of customers’ digital traces, and enabled customers’ ownership rights over their data

A Guide To How Business Schools Can Develop Academic Staff To Engage With Smes

The impetus for business schools to work with small firms is growing. At over 98% of the UK business population, it is essential that our education and research are relevant and useful to Small and Medium-Sized Enterprises (SMEs) and support their growth, sustainability, and resilience. The profound disruption of the global Covid-19 pandemic has consolidated this push to help bolster our small business population, as well as having profound impacts on the number of new small firms, their business models, products, and their digital transformation.Yet the take up of business school programmes among SMEs is historically low compared with larger companies. Leadership skills gaps in small firms persist, despite UK and devolved governments’ funding and focus.The Chartered Association of Business Schools (Chartered ABS) therefore invited academics from business schools around the UK to explore how schools can develop their staff to engage with SMEs. The working group’s focus was on identifying interventions to increase the amount of business school engagement with SMEs, while examining the barriers and how some schools have overcome them. It also explored enablers of engagement and based its recommendations around practice in Small Business Charter (SBC) awarded schools, and insights gained from relevant literature and policy documents. This working group has developed this report before and during the global pandemic, which has also hugely affected universities and business schools themselves.This document is designed primarily to be a practical aid to decision making for business school leaders, although it may be of interest to a wider stakeholder group, for example business engagement leads in universities, and the Small Business Charter Board.Following secondary research and case study development, and in acknowledgement of changing landscapes for both small firms and universities, recommendations have been proposed, which, for the most part, map onto the identified barriers and challenges. These recommendations are not Covid-specific, but have been evaluated in the light of the seismic changes to both small firms and business schools during this period, and are designed to support resilience and deeper collaborative relationships for recovery and growth. The significant list of recommendations is not proposed to be undertaken in its entirety; it is anticipated that readers will use this document as a resource and may well find some sections more relevant and useful than others. It is also likely that there are other staff development approaches which have proved successful to universities which are not captured here – the working group welcomes contributions which add to the recommendations made at the end of this report.</div

Rethinking the digital transformation using technology space analysis

The world is in the midst of a digital transformation. An intensified prevalence and use of digital technologies is fundamentally changing organizations and economies. However, the notion of 'digital transformation' is both theoretically and empirically underspecified. This paper rethinks the digital transformation narrative theoretically by embedding the concept in concurrent debates about technological revolutions and neo-Schumpeterian innovation theory. Empirically, the paper specifies the digital transformation by analysing the technological composition of key start-up and scale-up companies in the knowledge-intensive services sector. Undertaking a technology space analysis of 40,754 start-up and scale-up companies derived from the near real-time Dealroom.co database, we analyse which technologies and application domains are currently converging, distilling of key elements of the digital transformation. The paper concludes that the transmission of digital technologies is often indirect through ‘key enabling technology clusters’ that connect the technological vanguard to application domains

Australian public-private knowledge collaboration

Public-private collaborations provide an opportunity for spillover to the private sector, but in Australia, such collaborations are rare. Although the Australian public R&D receives significant funding (more than most other OECD countries), there is little private R&D investment. In this study we investigate public-private collaborations from an absorptive entity perspective, using data of almost a thousand Australian businesses, across industries. We show that while collaboration can have a positive impact on a business's innovation outcomes, it may hamper its absorptive capacity because such collaboration tends to lead to a greater reliance on technological solutions from external sources than the reliance on internal innovation effort. We argue that unless companies develop the ability to absorb external knowledge rather than merely use it as an ad hoc solution, public-private collaborations should not be targeted in government policy.2 page(s

Economic Impact Analysis of Autonomous Containerised Freight

<p>Advanced robotics is a disruptive technology that has the potential to create massive economic impact. One application of advanced robotics is the automation of cargo ports, with the intention of increasing profitability for cargo terminals by reducing costs and increasing container handling productivity.</p><p>Autonomous straddle carrier technology can not only significantly improve freight capacity but can also enhance the safety of operations, reducing the potential for manual errors by isolating the workforce from heavy machinery. Our findings suggest a net present value (NPV) of autonomous straddle carrier technology in direct impact worth for NSW of around $9.42 to$10 billion between the years 2014 and 2030.</p><p>In this report we present only the final application of a long term process of university R&D effort, i.e. cost benefit analysis was not undertaken in this report as innovation studies show that any innovation outcome cannot capture the full benefit to the economy, therefore the costs are normally high and in most cases create no tangible benefit but creates intangibles like knowledge is not easy to be quantified</p

Big Data and Data Ownership Rights: The Case of Car Insurance

Customers’ data points sources are growing, through the Internet of Things (IoT), telematics and interfacing with third parties’ platforms. Third parties provide either by-product data about their clients, or data that are generated for the specific task of a more accurate measurement of behaviour. One of the core building blocks in insurance is understanding risk – therefore, innovation around data points (sources and analytics) to proxy risk is the engine behind its digital transformation. While the value of data points is clear for the providers of insurance products and services, the customers have not only less control over their data, but also hardly benefit from the creation of those data points. In this paper we provide a case study from the British car insurance industry, about a data-driven product that pivoted into a re-designed personal data right architecture, which included transparency, traceability and usability of customers’ digital traces, and enabled customers’ ownership rights over their data

Comparing solar water heater popularization policies in China, Israel and Australia : the roles of governments in adopting green innovations

Studying the roles of governments in adopting green innovations is significant for analysing the transition to a more sustainable energy system. This article presents a comparative study of policies for popularizing domestic solar water heaters in three countries: China, Israel and Australia. Expanding the analysis beyond the economics of innovation, it demonstrates the institutional dimension of green technology deployment in these three countries. By examining the diverging roles of governments in facilitating green technology adoption in existing social routines and practices, it finds that governments' motivations, support and implementation mechanisms are remarkably different in these three countries. In particular, the paper argues that solar water heater popularization has been distinguished as a business opportunity in China, energy security in Israel and environmental responsibility in Australia. In addition, the institutional settings have a real impact on governments' roles in adopting green innovations, in terms of the policy instruments chosen and implementation mechanisms.11 page(s

Additionality of government guaranteed loans for SMEs in Israel

Abstract The study examines the Israeli Government Loans for SMEs in 2015. Our findings are based on three surveys. A business survey of 384 businesses that were granted a Government loan, a business survey of 99 businesses that were granted loans but decided not to take them and a survey of 50 loan consultants who advised those businesses about their eligibility and the Terms and Conditions of the loans. We tested Loan Adjusted Additionality and Loan Baseline Additionality and found that 53% of loans taken from the Government Loans Foundation (GLF) are additional loans. SMEs would not have taken a loan, or any part of one, if not for the Government Loans Foundation Scheme. Our contribution to the literature is by including Indirect Additionality, demonstrating the importance of the GLF Scheme, not only by assisting SMEs in their financial planning and growth but also, by signalling early stage business resilience, reducing the risks for commercial banks through regulated, financial due diligence. This outcome expands the pool of SMEs which have access to free market loans and has the potential to improve their survival rate, thus fostering economic growth