Innovation vs Privacy:
The Open Data Economy Dilemma
The open data economy – meaning public information and data shared from private sources – is already estimated to generate $3 trillion in economic value per annum globally (McKinsey, 2013). Global infrastructure for responsible, ethical data liquidity is still required to unlock the next wave of cross-border, data-driven growth. Data privacy is a huge challenge for data custodians around the world, and open data cannot be achieved for industries with high risk. Regions around the world are approaching the data economy in different ways, with a few leading light markets asserting their position on how to remain competitive with data-driven innovation while managing data privacy.
Get insight into the current data economy landscape in front-running markets around the world, and the extent to which they are harnessing the potential of the data economy.
This whitepaper highlights the significant opportunities and challenges, and lays out how to maximise the scale of this once-in-a-generation industry transformation to facilitate safe, ethical cross-border flow of open data and insight.
Innovation vs Privacy: The Open Data Economy Dilemma
About the Authors
Lynn manages Data Republic’s operations and growth in Singapore and throughout South East Asia, working with enterprise and governments to realise opportunities in the emerging data economy. An experienced technology and innovation executive, Lynn previously worked with Deloitte Digital and Firemark’s InsurTech Hub, responsible for launching and operating the emerging technology and artificial intelligence (‘AI’) hub.
As both a serial entrepreneur and venture capitalist, Danny Gilligan is at the forefront of driving disruptive innovation in Australia’s financial services sector. Danny is co-founder of both Data Republic and Reinventure Group, as well as a founding director of Stone & Chalk, an independent not-for-profit Fintech hub in Australia. Danny regularly consults with government, technology and business leaders on data innovation policy.
About Data Republic
Data Republic’s world-first technology has been designed to solve the complexity of multi-party data analysis, transforming manual data governance procedures and patched-together analytics solutions into simple, online workflows.
We make it simple to ‘connect the dots’ when it comes to governing external data discovery, licensing and project orchestration so that you can share data with confidence.
Organizations using Senate technology today report an acceleration of their innovation and digital transformation initiatives, on average a 93% reduction in time-to-value and the ability to engage and evaluation global data talent in a safe, secure and scalable way.