Rethinking Personal Data: Strengthening Trust

Stock.xchngThe World Economic Forum in collaboration with the Boston Consulting Group has just launched the report, “Rethinking Personal Data: Strengthening Trust”.

The study examines how the appropriate use of data can create enormous value for governments, organizations and individuals.

The report aims to foster dialogue around some of the key questions that need to be resolved to ensure long-term and sustainable value creation. Who owns personal data? How can privacy be protected? What is the role of context in setting permissions? How can organizations be held accountable? What is the role of regulators?  It outlines concrete steps that stakeholders can take, focusing on three areas: upgrading protection and security, agreeing on rights and responsibilities for using data based on context, and driving accountability and enforcement. The report concludes with a call for leaders to work together to achieve a coordinated yet decentralized approach to this global challenge.

Access the report here.