Access Partnership’s Seha Yatim contributes to the discussion on tech policy trends, offering predictions for increased data-sharing regulations this year.
Our data is collected by almost every service we use. Many companies, from social media platforms to content platforms, e-marketplaces and search engines, rely on an advertising-driven, data-tracking business model to sustain themselves. Traditional industries, such as telecommunications, hardware and aviation also collect customer data to personalize services and improve efficiency. However, the introduction of the EU’s GDPR and recent high-profile personal data breaches have put the collection and use of data under increased regulatory scrutiny.
2020 will be the year of regulation on data sharing. In Europe, the EU Commission had indicated they will work on the ePrivacy Regulation that aims to regulate how companies share data. Regulators in Asia are also deliberating this topic. Australia’s Consumer Data Right rules for the banking sector will be implemented in July 2020 and will extend to the energy and telecommunications industries. Japan introduced “information banks” to encourage data sharing while Singapore launched the “Trusted Data Sharing Framework” in 2019 and is striving for higher adoption in 2020. As more countries prepare to…
