Economics of Information for Citizens, Communities and Commerce

1. Economics of Information forCitizens, Communities and Commerce Caretakers Michael Boniface (mjb@it-innovation.soton.ac.uk) University of Southampton IT Innovation (FISE) Man-Sze Li (msli@icfocus.co.uk) IC Focus (FISO) Others Tuan Trinh (trinh@tmit.bme.hu) Budapest University of Technology and Economics Future Internet Assembly Valencia Draft 15-16 April 2010 Valencia Creative Commons Attribution 3.0 License

2. Motivation • Digital information is the principal asset of the Internet • increasing focus on processes for the production, publication and retrieval of information • networks of autonomous applications and people • Smart applications of the Future Internet require smart information processing and governance • micro- and macro dynamic of structure, behaviour and economics • real-time processing of billions of messages

3. smart energy systems want consumer demand (smart meters), environment (forecasts), transport smart consumers want provider performance (QoE and QoS) smart network operators want application knowledge smart e-Commerce retailers, search engines and social networks want personal information smart enterprises need to share knowledge and digital assets to innovate Smartness and the Incentives for Disclosing Information Source: Societal Apps from FI-PPP

4. Session Objectives • To analyse the economic nature of digital information • open vs closed cultures, intellectual property, privacy, information value, risks and rewards, incentives, societal freedoms and values • To assess the impact on Future Internet RTD • desire to link case studies, existing RTD and future vision

5. Structure of the Session Information as an economic good and implications for business models Turning information into value in future content networks Study: governance Links: wider context Study: citizen values Links: future content networks Economics of Digital Information Study: smart energy markets Links: Challenge 6 Study: community values Links: Challenge 4 Information asymmetry in decision making and tussles between consumers and providers Information value and the long term preservation of digital assets

6. Agenda (1) • 15.00 : Overview - Michael Boniface (IT Innovation Centre) • 15.10 : Information as an economic good and implications for business models - Man-Sze Li (IC Focus) • What are the economic foundations for treating information as a good? What is the impact on the economic mode of exchange and the relationships between providers and consumers? Is a “new” economy on the horizons as a consequence? In the so-called “race to the bottom”, is there money to be made? • 15:40 : Turning information into value in Future Content Networks - Doug Williams (BT), Peter Stollenmayer (Eurescom), Adolfo M. Rosas (Telefonica) • Where will value exist within the Future Internet? How will value be created, delivered, shared and protected? How will value change as a consequence of the envisaged technological advances within networks and applications? How will value be distributed amongst the various stakeholders for a sustainable Future Internet ecosystem?

7. Agenda (2) • 16:10 : Information value and the long term preservation of digital assets - Roeland Ordelman (Netherlands Institute for Sound and Vision) • Audiovisual Content Exploitation at the Netherlands Institute for Sound and Vision • What value chains and business models underpin preservation strategies (interconnection between preservation, access and sustainability)? Where’s the content value, where’s money coming from, how to keep it coming, and how preservation and access should be mixed. What technical strategies for keeping files alive and accessible over the long-term considering costs, technological obsolesce and emerging archive service business models. • 16:30 : Information asymmetry and tussles between consumers, providers and operators - Dr. Tuan Anh Trinh (Budapest University of Technology and Economics, Department of Telecommunication and Media Informatics) • Information asymmetry will - at some points in the value chain - create unfairness which in turn might have undesirable consequences on the performance of the Future Internet. We need to address the issue of decision making if only incomplete and uncertain information are available. Roles of the stakeholders in the Future Internet are getting more complicated and borders are getting blurred. This phenomenon will have a significant impact on Future Internet architecture and business models • 16:30 - 17.00: Panel discussion