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As @hmtreasury defined " #PublicValue" in its 2019 framework:
https://www.gov.uk/government/publications/public-value-framework-and-supplementary-guidance
and " #ValueForMoney" in its #GreenBook:
https://www.gov.uk/government/publications/the-green-book-appraisal-and-evaluation-in-central-governent
Who'll define " #FairValue", given the term usually refers to a market transaction agreed upon by BOTH the seller and the buyer? https://twitter.com/MustBeMistry/status/1316620489981399040
https://www.gov.uk/government/publications/public-value-framework-and-supplementary-guidance
and " #ValueForMoney" in its #GreenBook:
https://www.gov.uk/government/publications/the-green-book-appraisal-and-evaluation-in-central-governent
Who'll define " #FairValue", given the term usually refers to a market transaction agreed upon by BOTH the seller and the buyer? https://twitter.com/MustBeMistry/status/1316620489981399040
As attractive as it may be to assign a #value - i.e. a #price - to people's data, lasting #trust comes as much from a confidence in (shared) #values as it does in a notional #FairReturn for any, or even every, #transaction.
Also, it's impossible to calculate " #FairValue" until you know *what's been done with the data*. You can't go selling NHS patients' medical histories 'by the pound'!
Contracts that fail to recognise and address this critical point are as #malformed as they are #misinformed.
Contracts that fail to recognise and address this critical point are as #malformed as they are #misinformed.
