Disrupting Tech Monopolies & AI Tycoons — Part 1 – Outlier Ventures

It is almost banal to say it, but as a society we have a data problem. Most of the World’s data is held on private servers. The client-server architecture of the Internet and the design of corporate IT networks has resulted in data being hosted and stored on private and centralised databases. Lucrative consulting businesses sprung up to help organisations connect systems and try to make it easier share their data internally. Open Application Programming Interfaces (APIs) have gone some way into opening up data externally, especially in the public sector, but nevertheless these fixes are typically forced upon organisations. PSD2 is supposed to force banks to open up their data but they are doing their best to wriggle out of it. See Chris Skinner’s blog here

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