This is the edited transcript of the Competition Lore podcast episode 8, Why should trust be the centrepiece of a data-driven economy? with Peter Harris.
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Big Data and Big Analytics have policymakers in a frenzy. In some parts of the world this is leading to regulation that provides greater protection for privacy. But what does privacy have to do with competition?
There are heated debates about whether stricter privacy regulation will shut down competition and innovation or whether it will drive competitive forces in a data-driven economy.
Much of the debate has been focused on Europe’s latest Big Tech missile, the General Data Protection Regulation. But in the US also, some policymakers are considering following suit.
This episode of Competition Lore features Peter Harris, Chairman of the Australian Productivity Commission, one of Australia’s leading public policy thinkers and the architect behind an innovative policy reform, a proposed comprehensive consumer right to data.
It’s a reform slated to power up competition by empowering consumers while at the same time bolstering privacy. More broadly it is a reform aimed at creating a social licence for data collection and use, for the benefit of us all.
While great care has been taken in the preparation of the transcript, there may be some minor errors.