Business Quote by Kate Crawford
“Vivametrica isn't the only company vying for control of the fitness data space. There is considerable power in becoming the default standard-setter for health metrics. Any company that becomes the go-to data analysis group for brands like Fitbit and Jawbone stands to make a lot of money.”
About This Quote
The quote highlights the strategic advantage of setting industry standards for health data, which can lead to market dominance and significant profits.
In simple terms: Setting data standards can bring power and profit.
Key Takeaway
Aim to become a default standard in your field.
Themes
strategy
data
industry
profit
competition
Mood
analytical
strategic
Type
business
industry
When to use this quote
- business development
- tech partnerships
- health data initiatives
- market positioning
Key Concepts
standardization
network effects
platform economics
Questions to Reflect On
- How can a company build trust as a data standard?
- What risks arise from controlling health metrics?
A Different Perspective
Dominance depends on adoption and trust, which can be hard to achieve.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
