Nishat Kurwa on Tuesday, Dec. 11th
A prescient-sounding Monday Note examines how Google’s massive trove of user data positions the company to be the leading private partner for debt-ridden Western governments over the next few decades.
The Organization for Economic Cooperation and Development issued a report about infrastructure in 2030 that noted a likely doubling of investment requirements for electricity transmission and distribution. Road construction and water transmission will undergo comparable increases, according to the OECD.
And that’s where public-private partnerships will be key; private investment in infrastructure projects, with subsequent cash flow from the project flowing into the company’s coffers. Frederic Filloux holds this view of how Google’s data, not just its cash holdings, would make it the most competitive potential partner for governments:
Imagine a big city such as London, operating 500,000 security cameras, which represent the bulk of the 1.85 million CCTVs deployed in the UK — one for every 32 citizens. 20,000 of them are in the subway system. The London Tube is the perfect candidate for partial or total privatization as it bleeds money and screams for renovations. In fact, as several people working at the intersection of geo applications and big data project told me, Google would be well placed to provide the most helpful datasets. In addition to the circulation data coming from cellphones, Google would use facial recognition technology. As these algorithms are already able to differentiate a woman from a man, they will soon be able to identify (anonymously) ethnicities, ages, etc. Am I exaggerating ?
Find out here.