‘The data monetization trend calls for a common framework, but we need to prioritize questions of trust’
Referring to the battle between the US versus Chinese models of digitalization, Marten Kaevats, National Digital Adviser of Estonia, said that both models were ‘big brother-like’ and that we needed ‘a third option’.
“The EU is pushing for this with GDPR and getting slowly closer,” he said. “At the Tallinn Digital Summit, we convened recently to talk about ‘trusted connectivity’; an agreement on how to leverage the capacity of the private sector to invest in infrastructure. Nowadays, infrastructure is not only about bricks and mortar, but it carries a digital component too and one that needs to be trusted.”
This type of framework should be established by the Blue Dot Network – the US, Japan and Australia – but should also get countries like Estonia on board, he said, adding:
“We are hoping this idea gets traction [because] we are coming to a stage where data monetization is a thing but there needs to be some trust in it as well. And coming from a small country that has so far operated with transparency and integrity regarding data handling, we want to provide for our citizens without acting like big brother.”
Where do governments’ roles end and companies’ begin?
While government intervention is generally accepted to be necessary to respect peoples’ privacy, the question of ‘to what extent?’ remains up for debate.
In the healthcare industry, questions arise around electronic heath record data, for instance, such as: Who can have access to this data? And how can it be useful?
Read more on I by IMD, the knowledge hub of IMD
Research Information & Knowledge Hub for additional information on IMD publications
IMD produces a yearly Smart City Index offering a balanced focus on economic and technological aspects of smart cities on the one hand, and “humane...
The EU Emissions Trading System incentivises firm-level innovation away from carbon-intensive technologies through price signalling. This column ex...
Internet access has become a critical aspect of modern life. No longer just a realm of entertainment, the internet is a gateway for accessing basic...
In our digital age, smartphones have become a double-edged sword, offering boundless information at our fingertips while silently ensnaring us in a...
IMD World Competitiveness Center Report, 8 April 2024
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD 3 April 2024
Research Information & Knowledge Hub for additional information on IMD publications
in VoxEU 12 March 2024
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
in I by IMD 20 February 2024
Research Information & Knowledge Hub for additional information on IMD publications
in Forbes.com 20 February 2024
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications