TED: 3 ways your company's data can jump-start climate action | Massimo Russo

The video discusses the concept of smart cities, highlighting the potential for seamless transportation, health monitoring, and shopping experiences. It emphasizes the importance of data sharing among companies, individuals, and cities to achieve these goals. The main challenge is overcoming the fear of losing competitive advantage, termed FOMA. The video suggests that companies are more willing to share data if it serves a common purpose, like combating climate change. It outlines three actions to promote data sharing: finding new data sources, developing sustainability solutions quickly, and acting together for change. Examples from agriculture and transportation illustrate these points.

What is a key requirement for realizing the vision of smart cities?

• Increased public transportation

• Greater data sharing

• More electric vehicles

• Higher population density

What does FOMA stand for in the context of data sharing?

• Fear of Market Access

• Fear of Missing Advantage

• Fear of Missing Out

• Fear of Monetary Loss

Which industry is used as an example to illustrate the benefits of data sharing?

• Education

• Healthcare

• Retail

• Agriculture

What is one action companies need to take to promote data sharing?

• Increase marketing budgets

• Develop new sustainability solutions quickly

• Expand globally

• Reduce workforce

How can individuals contribute to a sustainable future according to the final section?

• By reducing energy consumption

• By using personal apps to manage carbon footprints

• By avoiding public transportation

• By planting more trees

What shift in mindset is suggested to encourage data sharing?

• From FOMA to FOMC

• From FOMO to FOMA

• From FOMC to FOMA

• From FOMA to FOMO

What is the potential benefit of transportation data sharing mentioned in the final section?

• Increased traffic congestion

• Higher fuel prices

• Cleaner air

• More road accidents