Project
Value Measurement of Data Products
This project is a collaboration with Allianz Worldwide Partners Australia (AWP Australia) and focuses on how to maximise data driven value creation and capture. It will challenge and extend the current body of knowledge on value of data products including computation, human effort and perceived value, and deliver a domain-agnostic framework that will build business capacity on informing and prioritising data science projects. This project commenced in October 2023 with the recruitment of Zirui (Alice) Tan at The University of Queensland.
About the Project
Evaluating data products is a complex problem that transcends technical, organisational and customer perspectives. The provenance and transformations of data products through methods such as information extraction, fusion and aggregation add to the challenge. To date there is no rigorously developed framework for evaluating data products and the monetary, or public good value, it creates.
This project is a collaboration with Allianz Worldwide Partners Australia (AWP Australia) and will challenge and extend the current body of knowledge on value of data products including computation, human effort and perceived value, and deliver a domain-agnostic framework that will build business capacity on informing and prioritising data science projects. It will be led by Dr Rocky Chen, and focuses on how to maximise data driven value creation and capture. This project commenced in October 2023 with the recruitment of Zirui (Alice) Tan at The University of Queensland. Zirui is supervised by CIRES Chief Investigator Dr Rocky Chen, Affiliate Investigator Dr Wen Hua, Centre Director Professor Shazia Sadiq, and Partner Investigator from AWP Australia Mr Shane Downey.
This is one of two CIRES projects with AWP Australia related to organisational and transformational aspects of data, algorithms, and AI. The other project, Customer Data Stories, commenced in January 2023.
Allianz Worldwide Partners Australia (AWP Australia) is a world leader in insurance and assistance, offering global solutions that span health and life, travel, and automotive. Customer driven, AWP Australia’s innovative experts redefine insurance services by delivering future-ready, high-tech high-touch products and solutions that go beyond traditional insurance.
As a data-driven company, AWP Australia utilises sound data management and practices backed by scientific research to effectively apply identified improvements. As a result, they are constantly uncovering ways of continuously improving data management and, in particular, goals surrounding smart automation and strong governance around automated decision making. Another key goal is to develop greater insights and frameworks based on understanding how data can be assessed, valued, and applied including perceptions and expectations of the consumers of insurance products. AWP Australia and CIRES have co-designed the collaborative projects as way to further these goals.
Project Team
Zirui (Alice) Tan
PhD Researcher
Dr Rocky Chen
Chief Investigator
Prof. Shazia Sadiq FTSE
Centre Director
Dr Wen Hua
Affiliate Investigator
Shane Downey
Partner Investigator
Partner
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