Key Points – Notes

Step-by-Step: Three Innovations [See details at “Key Points“]


Note 1) Inno-3 calls for Tax Credit Incentives

But does not necessarily require Tax Authority participation to function. Instead,  framework can be used in private arrangements by non-profits and social agencies. They could use the method with a variety of partners including software providers, fish & wildlife conservation societies, environmental funds, hospitals and shelters.

For example, smartphones are already being used to help homeless people find  services: [San Francisco: Link-SF, Toronto: Ample Labs].

  • Could this be a way for homeless people to get on the path back to homefullness: becoming income earners by becoming Data Creators?
  • Perhaps using an app to provide valuable, hard-to-gather anonymized data (epidemiology, public health, etc.) for social agencies?
  • Could participation rewards be bankable earnings of cash, credits, or coupons?

Note 2) Inno-1 & Inno-2 feed into Inno-3 

But do not need Tax Authority acceptance or action to be used. Deepening our understanding of the nature of information changes how we can use it. And recording it differently means that in the Digital Age, we get a better handle on the gathered and net value & worth of the data we produce.

Giving us incentive to efficiently generate and use what we gather. And that is valuable: to our companies, customers, publics, NGOs, suppliers, market players, and securities’ regulators.


Note 3) Original version copies posted at: Scribd.com and Github.com


Note 4) The method re-frames the cost and value of deemed-valuable information; assigning dollar & tax-credit value when valued information is donated to charities, non-profits, and government. Or donated or traded between private parties.

The method proposes to reward ‘new data creators’ for creating data that is deemed valuable. Incentives could be made for effectiveness & efficiencies.

The created value is of data that is volunteered (donated) to recipients (charities, societies, non-profits, government) or donated by associations and companies.

The compensation or reward is net monetizable value % that is refunded by Tax Authorities to the recipient (for recipient’s internal use and/or transfer to donors).


Note 5) Definitions to Consider:

Creating a Data Asset involves six (6) Phase States:

A) Wild Data: Uncollected data exists in a “wild” state
B) Raw Data: “wild” becomes “raw” data when collected
C) Dollar Value of Services : Cost to collate, analyze, & report
D) Converted Value : Net sum from Wild state to Utility state.
E) Utility Value : Dollar value assigned via buy/sell/trading
F) Tax Credit Value : Equivalent value assigned by tax authorities.

Process Definitions

A) Deemed-valuable Data : DVD obtains dollar & tax-credit value
B) Created Value : DVD which has been volunteered (donated)
C) Data-Labour : Labour & Equivalent to obtain Wild new data
E) Data-Energy : Labour & Equivalent Value° to obtain Wild new data
F) Data-Creator : Person creating deemed valuable Data
G) Cost of Data Collected : Gross Labour Cost to create Raw Data
H) Net Equivalent Data Value : Net Value to sell/lend/trade/etc.

° The framework lends itself to apply a variety of measures to convert the energy cost of Data Phase Values to their Economic Value equivalent for accounting purposes, primarily SI measures defined by BIPM [Bureau international des poids et mesures; English: International Bureau of Weights and Measures (IBWM)] :
    : watts (power, radiant flux)
    : joules (energy, work, heat)
    : metres per second squared (acceleration)
    : radians per second (angular velocity), and
    : grays vs. sieverts (absorbed vs. equivalent dose)

Taproot Analysis

Deep dive RCA°° directed to finding deepest causation source

Taproot Cause Analysis is “deep dive” Root Cause Analysis (RCA°°). Deep dive analysis is usually not done because it can be time-consuming (therefore costly) to execute. Organizations often instead employ Pareto Analysis to determine which problems require most urgent exploration to determine cause-and-effect.

°° RCA is directed towards identifying the core issue that “sets in motion the entire cause-and-effect reaction that ultimately leads to the problem(s).” It is “an integral part of continuous improvement…(and) is one of the core building blocks in an organization’s continuous improvement efforts.” cf. asq.org


Note 6)

The method re-frames dollar & tax-credit value of information donated to charities, non-profits, and government. And when traded between private parties.

The method proposes to reward ‘new data creators’ for creating data that is deemed valuable. Incentives could be made for effectiveness and efficiency.

The created value is of data that is volunteered (donated) to recipients (charities, societies, non-profits, government) or donated by associations and companies.

The compensation or reward is net monetizable value % that is refunded by Tax Authorities to the recipient (for recipient’s internal use and/or transfer to donors).