The Zero Dollar Car: How The Revolution In Big Data Will Change Your Life by John EllisThe Zero Dollar Car: How The Revolution In Big Data Will Change Your Life by John Ellis

The Zero Dollar Car: How The Revolution In Big Data Will Change Your Life

byJohn Ellis

Hardcover | October 20, 2017

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The Zero Dollar Car, written by John Ellis, former head of technology at Ford, explores the deep changes that Big Data will make to our lives in the very near future. A car is a perfect example. Right now cars are outfitted with sensors that gather valuable information about the driver and road conditions. What if the driver could trade that information for money? That information could be so valuable that it could pay for the car.

Cars are only the beginning. Imagine the Zero Dollar House - would you be willing to trade the information sensors gather in your fridge, your bathroom, and elsewhere? Big technology companies like Apple and Google are already profiting from the sale of this kind of information, so why shouldn't we?

Ellis tells the story of one of the unlikely pioneers in this business and aims to prepare readers for the incredible changes ahead, once consumers are in a position to profit from Big Data. It could result in major financial rewards for the consumer, but, Ellis warns, the sharing of data from home and car and elsewhere could also create serious and even deadly trouble.

Car Today, House Tomorrow. Be Change Ready.

"John Ellis looks ahead and connects the dots of the utility of the automobile and the incredible data that is generated from understanding how we use it. His vision and insights will ignite your creativity." - Tim Sullivan, Managing Principal - Meyers Research, a Kennedy Wilson Company

"Whether you like it or not, John Ellis tells it like it is." - Regina Hopper Formerly, President and CEO - ITS America

"John Ellis' perspectives on the influence that data will play on consumer experiences, product development and the underlying ecosystems that connect both are fascinating and foreboding for those in, and outside of, the automotive industry." - Aaron Schulenburg Executive Director Society of Collision Repair Specialists
John Ellis is the managing director of Ellis & Associates, the management consulting firm that serves clients in the world where automotive, consumer, connectivity, and software intersect. Until recently, he was Global Technologist and Head of the Ford Developer Program with Ford Motor Company. Under his leadership, John's team deliver...
Title:The Zero Dollar Car: How The Revolution In Big Data Will Change Your LifeFormat:HardcoverDimensions:184 pages, 9.33 × 6.34 × 0.67 inPublished:October 20, 2017Publisher:Barlow Book PublishingLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1988025257

ISBN - 13:9781988025254


Read from the Book

Is there any way to profit from our personal data? A few enterprising individuals have been trying. The London- based CitizenMe launched in 2014 to help average people take control of their personal data. Similar to the privacy utility I discussed back in Chapter 1, the idea was to show consumers that the data they were sharing publicly on their various social media networks was being collected, analyzed, and used for pro t by others. As it turns out, that's pretty complicated, and the app never broke through to a mass market. However, there was one very popular feature: a Facebook personality test. So, in 2016, the company partnered with the University of Sheffield's Open Data Science Institute to reboot itself as a market research and big data analysis service, still driven by CitizenMe's original principle: that personal data should work on behalf of users, not exploited by for-pro t corporations that don't necessarily care about the rights of individual users. Another start-up, called Datacoup, described itself as a "personal data marketplace." It's a New York-based data- mining rm with an unusual twist: In exchange for pro- viding personal data, such as social media information and credit card information, individuals are paid a monthly fee of $8 U.S. Consumers received some compensation for their data and were also able to be specify which data, and how much, they shared through Datacoup. Returning to the Zero Dollar Car concept, some start-ups are helping the automakers-not individuals-monetize data. An Israeli firm called Otonomo connects carmakers and drivers with service providers, like dealerships, insur- ance companies, and even, theoretically, smart cities, to optimize the pro tability of all the data a vehicle is producing. And another Israeli start-up, Nexar, has developed a dashboard app using drivers' smartphones that will, once enough people are using it, provide real-time, vehicle-to-vehicle information that could alert users to slowdowns ahead (so they can plan around them) or even an accident in the process of happening a few cars ahead (so drivers have a chance to react). That could be a valuable service for drivers, and it relieves automakers of a data-collecting function that's time consuming and expensive. But, of course, Nexar's system is old-school in one way: Once you sign up, your data is available to Nexar to sell to third parties. I believe some kind of system that allows individuals to have a share in monetizing their data is the way we need to go. If we, as consumers, don't understand how much data we generate or how to measure it-if we don't understand how it's stored, processed, and used to drive profits-we lose. To win, we should be paid compensation for that data (the plan on which CitizenMe based its original idea) or receive a big reduction in the price of the product or service involved (the Zero Dollar Car model).  Will individual consumers, like you or me, ever be able to monetize the sensors in our vehicle the way I outline in the Zero Dollar Car? Right now, it remains an opportunity waiting to happen. Google, Apple, and other corporations don't want to do business that way. They prefer to do multimillion-dollar deals with brands. So the challenge for individuals is to truly understand that this world of data exists and that it only exists because their personal data is being transacted, often without their knowledge or permission. Once consumers understand that, they can begin to agitate for some kind of control over their data, or even government involvement. What they should expect is a contract that outlines the precise dollar figure they will receive in return for their data. That's why, in most of my engagements today, I educate clients on what I call the "big red button" business model. In essence, that is the ability, when you purchase or use any digitally enabled product or service, to opt in or opt out. With the opt-in choice, consumers pay less-"zero," or at least a substantially reduced price-in exchange for their data. They have, essentially, bartered away their privacy. If instead they opt to hit the "big red button," all of their data will be destroyed and non-recoverable, called "the right to be forgotten," it's a practice formally adopted in the European Union and Argentina), but they will pay full price in exchange for privacy. This business solution for building products will never happen until the "big red button"-which we could also think of as a way of turning privacy into a commodity, or the "right to be forgotten"-is enshrined in law and there is a regulatory body enforcing it.

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Editorial Reviews

John Ellis' perspectives on the influence that data will play on consumer experiences, product development and the underlying ecosystems that connect both are fascinating and foreboding for those in, and outside of, the automotive industry.