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Rethinking Personal Data: Strengthening Trust

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Citation Edit

World Economic Forum, Rethinking Personal Data: Strengthening Trust (May 2012) (full-text).

Overview Edit

This report examines how the appropriate use of personal data can create enormous value for governments, organizations and individuals. Produced in collaboration with The Boston Consulting Group, the report provides a multi-stakeholder perspective on how the potential value of personal data can be unlocked.

Some of the key questions that need to be resolved to ensure long-term and sustainable value creation include: Who owns personal data? How can privacy be protected? What is the role of context in setting permissions? How can organizations be held accountable? What is the role of regulators?

It outlines concrete steps that stakeholders can take, focusing on three areas: upgrading protection and security, agreeing on rights and responsibilities for using data based on context, and driving accountability and enforcement.

The report concludes with a call for leaders to work together to achieve a coordinated yet decentralized approach to this global challenge.

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