Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Data as the new currency

Data as the new currency

Ratings: (0)|Views: 26 |Likes:

More info:

Published by: Deloitte University Press on Jul 24, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

08/08/2013

pdf

text

original

 
About Deloitte
Deloitte reers to one or more o Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network o member frms, each o which is a legallyseparate and independent entity. Please see www.deloitte.com/about or a detailed description o the legal structure o Deloitte Touche Tohmatsu Limited and its member frms.Please see www.deloitte.com/us/about or a detailed description o the legal structure o Deloitte LLP and its subsidiaries. Certain services may not be available to attest clientsunder the rules and regulations o public accounting. This publication contains general inormation only, and none o Deloitte Touche Tohmatsu Limited, its member frms, or its and their afliates are, by means o this publication,rendering accounting, business, fnancial, investment, legal, tax, or other proessional advice or services. This publication is not a substitute or such proessional advice or ser-vices, nor should it be used as a basis or any decision or action that may aect your fnances or your business. Beore making any decision or taking any action that may aectyour fnances or your business, you should consult a qualifed proessional adviser. None o Deloitte Touche Tohmatsu Limited, its member frms, or its and their respective afliates shall be responsible or any loss whatsoever sustained by any person who relieson this publication. Copyright 2012 Deloitte Development LLC. All rights reserved.Member o Deloitte Touche Tohmatsu Limited
issue 1
3
 |2013
Complimentary article reprint
By WILLIaM d. eggers, roB haMILL and aBed aLI> ILLustratIon By John hersey 
Data as thenew currenc
Government’s role infacilitating the exchange
 
Deloitte Review 
 
DELOITTEREVIEW.COM
18
Data as thenew currenc
Government’s role inacilitating the exchange
BYWILLIAM D. EGGERS,ROB HAMILL ANDABED ALI> ILLUSTRATION BYJOHN HERSEY
 
DELOITTEREVIEW.COM
Deloitte Review 
 
19
DATA AS THE NEW CURRENCY
G
oogle “data as a currency,” and you’ll get back searchresults in the millions. “What i web Users Could SellTeir Own Data?” asks a blogger or the
New Yorkimes
.
1
A story in
Information Management 
highlights “Big DataAnalytics: Te Currency o the 21st Century Enterprise.”
2
You’llfnd stories heralding big data as the new currency or science, sto-ries on the personal data marketplace, and even stories on stolendata as a currency—not to mention prominent ED talks, WorldEconomic Forum studies, and multiple books on the subject. Tegist o the argument: Personal data has an economic value that canbe bought, sold, and traded.
Remarkably, one area has gone largely unexplored: the role that government will—orshould—play in establishing data as a currency. Given the problems governments acein maintaining stable monetary systems, many data enthusiasts would just as soon havegovernment stay away rom this emerging instrument o exchange.Like it or not, that’s not going to happen. For one thing, government is one o thebiggest producers o data—and one o the ew major producers that deliver data to thepublic ree o charge. At last count, more than 1 million data sets rom governmentsaround the world were available on the web.
3
Second, governments already regulate how organizations may use personal data, whatprivacy rights individuals have, and myriad other issues involved with the new datamarketplace. I anything, regulation is likely to increase in coming years as privacy ad- vocates and consumers step up their demands.
 

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->