Powering the Digital Economy

Regulatory Approaches to Securing Consumer Privacy, Trust and Security

image of Powering the Digital Economy

The report provides an outline of the value and the functioning of the digital economy, as well as requirements and considerations in terms of ICT and privacy regulation. It explores the issues of online privacy, trust and security, and how these influence and drive online data business models and data markets. It further examines the notion of trusted digital identity and what it means in terms of security by providing examples of digital identity systems.



Understanding online data business models and data markets

There is no doubt that data has become of the most valuable commodities in the world, riding the wave of increased digitalization. Companies such as Amazon, Apple, Facebook and Google dominate the top of the list of the world’s most valuable companies, leading some to proclaim that data is the new oil. While oil and data are both vital to the global economy in the 21st century, there are a number of key differences that make this comparison somewhat misleading.


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