How to Reduce Transaction Costs for Data Collection and Use

The danger is that well intentioned souls could pass laws or rules that destroy or hinder those data markets, turning valuable information back into value less data. Our data and I'll just use that term instead of information for sake of convenience. It has value because we found a way to drastically lower the transaction costs to create it. That's a bunch of fancy five dollar words. Transaction costs is economists speak for the cost of doing business.