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When data is capital: Datafication, accumulation, and extraction:

When data is capital: Datafication, accumulation, and extraction: The collection and circulation of data is now a central element of increasingly more sectors of contemporary capitalism. This article analyses data as a form of capital that is distinct from, but has its roots in, economic capital. Data collection is driven by the perpetual cycle of capital accumulation, which in turn drives capital to construct and rely upon a universe in which everything is made of data. The imperative to capture all data, from all sources, by any means possible influences many key decisions about business models, political governance, and technological development. This article argues that many common practices of data accumulation should actually be understood in terms of data extraction, wherein data is taken with little regard for consent and compensation. By understanding data as a form capital, we can better analyse the meaning, practices, and implications of datafication as a political economic regime. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Big Data & Society SAGE

When data is capital: Datafication, accumulation, and extraction:

Big Data & Society , Volume 6 (1): 1 – Jan 7, 2019

When data is capital: Datafication, accumulation, and extraction:

Big Data & Society , Volume 6 (1): 1 – Jan 7, 2019

Abstract

The collection and circulation of data is now a central element of increasingly more sectors of contemporary capitalism. This article analyses data as a form of capital that is distinct from, but has its roots in, economic capital. Data collection is driven by the perpetual cycle of capital accumulation, which in turn drives capital to construct and rely upon a universe in which everything is made of data. The imperative to capture all data, from all sources, by any means possible influences many key decisions about business models, political governance, and technological development. This article argues that many common practices of data accumulation should actually be understood in terms of data extraction, wherein data is taken with little regard for consent and compensation. By understanding data as a form capital, we can better analyse the meaning, practices, and implications of datafication as a political economic regime.

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References (100)

Publisher
SAGE
Copyright
Copyright © 2022 by SAGE Publications Ltd, unless otherwise noted. Manuscript content on this site is licensed under Creative Commons Licenses.
ISSN
2053-9517
eISSN
2053-9517
DOI
10.1177/2053951718820549
Publisher site
See Article on Publisher Site

Abstract

The collection and circulation of data is now a central element of increasingly more sectors of contemporary capitalism. This article analyses data as a form of capital that is distinct from, but has its roots in, economic capital. Data collection is driven by the perpetual cycle of capital accumulation, which in turn drives capital to construct and rely upon a universe in which everything is made of data. The imperative to capture all data, from all sources, by any means possible influences many key decisions about business models, political governance, and technological development. This article argues that many common practices of data accumulation should actually be understood in terms of data extraction, wherein data is taken with little regard for consent and compensation. By understanding data as a form capital, we can better analyse the meaning, practices, and implications of datafication as a political economic regime.

Journal

Big Data & SocietySAGE

Published: Jan 7, 2019

Keywords: Big Data; digital capitalism; value; political economy; Marx; Bourdieu

There are no references for this article.