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  • Topic: User data ownership
    25 August 2018

    Breakfast with entrepreneurs

    Dennis G. Lucan and Slava Baranovskiy organised an entrepreneurial breakfast on Saturday 25th August between 10am and 12pm.

    Hot topic in discussion at the last breakfast with entrepreneurs organised by the Marylebone Entrepreneurial Club. For a startup, DATA makes the most of the company's value on the market. Whether it is user data or information about competitors and access to analytics, underestimating the value of it often leads to serious consequences tied to thecompany's success rate. The discussiong revolved around the most effective ways of collecting and using data to build up a competitive advantage. Being highly committed to respecting the GDPR, the group investigated best practices for data security and ownership. The aim of the meeting was to highlight the importance of collecting and understanding data, giving the club members access to information about the latest global changes.

    Aspects covered:

    Data ownership
    Data security
    Data collection
    Data storage
    Data usage
    Data sharing

    Key insights:

    Boris Rykov

    Make the purpose of data collection as transparent as possible to the end user.

    Tatiana Nazarian

    To achieve high results the data must be accurate and secured.

    Olga Sauer

    Businesses can only collect the data users provide up to a certain extent.

    Jonathan Holtby

    The world is changing. Either lead the change or be aware of it to avoid being caught by surprise.

    Devon Veillette

    Default rules the world. The goal is controlling default. Without it, change does not happen.

    Slava Baranovskiy (Founder of ELIGENT SYSTEM)

    Know how to use the data to create a portrait of your customers.

    Olga Anderson

    The better you know your clients, the better the service becomes.

    Sulabh Sharma

    Data is the new currency and businesses should embrace it as a change.

    Dennis G. Lucan (Founder of DGL Group)

    Data ownership will influence the power the end users have over a company/service.

    Attendees:

    Devon Veillette
    Slava Baranovskiy
    Olga Anderson
    Sulabh Sharma
    Dennis G. Lucan
    Boris Rykov
    Tatiana Nazarian
    Olga Sauer
    Jonathan Holtby

    Who is organising the breakfasts?

    Slava Baranovskiy

    Creative entrepreneur, tech startup founder, film director/producer and Entrepreneur in Residence of Westminster Business School with a strong business and tech background.
    Read more about him on his website.

    Dennis G. Lucan

    Awarded entrepreneur in national and international business competitions, business consultant with experience in marketing, growth, project management and corporate communications.
    Read more about him on his website.



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