Reputational risks of companies
Posted: Tue Jan 21, 2025 6:44 am
At the Data Fusion 2024 forum, market players identified how government and a range of commercial organizations can benefit from data when combined without violating laws that ensure data protection.
Sergey Karpovich, Director of Product Development at Innotech Group, noted that each company uses no more than 1% of the information available on the market. He noted that it is almost impossible to compare accessible and inaccessible data, because if each organization is enriched with data, the number of services will increase significantly.
"We have few developed vietnam whatsapp number database platforms that allow data exchange. If we had many such platforms and they were regulated and normally described by law, then perhaps this would give rise to growth in the development of artificial intelligence on combined data," said Sergey Karpovich.
He reported that there are many local cases on the domestic market where two companies come to an agreement, exchange available data, figure out how to implement interaction, and ultimately create an exchange service. "But what if there are five, 10 or 100 such companies? These are huge expenses for both IT infrastructure and IT personnel," said Sergey Karpovich.
The head of the R&D committee of the Big Data Association, Yulia Bogacheva, noted three points that hinder the creation of a data exchange:
Legal regulation
Competitive environment (companies prefer not to share data in order not to lose their market position)
Andrey Totmakov, CEO of the big data platform Platforma, identified four barriers to creating a data exchange:
Market (why do this? what is the benefit?)
Methodological (classification system, how to evaluate data)
Legal (if we have data, can we reuse it? Who has the rights to use the data?)
Technological (using depersonalization and security tools that can be trusted)
The session was attended by Vice President of the Shanghai Data Exchange Lu Yang, who noted that data exchanges will help consolidate data-based products. "As a result of turning data into an asset, it will be possible to manage it as a financial instrument, which will further expand the use of data in the economy," Lu Yang believes.
China's experience connects the consumer and the data exchange. "The Shanghai Data Exchange was established in 2021. In 2023, its turnover was 1 billion yuan, and in 2024, its turnover is expected to increase to 5 billion yuan - five times," said Lu Yang.
Andrey Totmakov told a ComNews correspondent that in the case of interaction, the state, business and science will benefit from cooperation, explaining that the state is concerned about the general public good, science is concerned about research and training of personnel, and business is concerned about attracting future personnel or the commercial side.
Sergey Karpovich, Director of Product Development at Innotech Group, noted that each company uses no more than 1% of the information available on the market. He noted that it is almost impossible to compare accessible and inaccessible data, because if each organization is enriched with data, the number of services will increase significantly.
"We have few developed vietnam whatsapp number database platforms that allow data exchange. If we had many such platforms and they were regulated and normally described by law, then perhaps this would give rise to growth in the development of artificial intelligence on combined data," said Sergey Karpovich.
He reported that there are many local cases on the domestic market where two companies come to an agreement, exchange available data, figure out how to implement interaction, and ultimately create an exchange service. "But what if there are five, 10 or 100 such companies? These are huge expenses for both IT infrastructure and IT personnel," said Sergey Karpovich.
The head of the R&D committee of the Big Data Association, Yulia Bogacheva, noted three points that hinder the creation of a data exchange:
Legal regulation
Competitive environment (companies prefer not to share data in order not to lose their market position)
Andrey Totmakov, CEO of the big data platform Platforma, identified four barriers to creating a data exchange:
Market (why do this? what is the benefit?)
Methodological (classification system, how to evaluate data)
Legal (if we have data, can we reuse it? Who has the rights to use the data?)
Technological (using depersonalization and security tools that can be trusted)
The session was attended by Vice President of the Shanghai Data Exchange Lu Yang, who noted that data exchanges will help consolidate data-based products. "As a result of turning data into an asset, it will be possible to manage it as a financial instrument, which will further expand the use of data in the economy," Lu Yang believes.
China's experience connects the consumer and the data exchange. "The Shanghai Data Exchange was established in 2021. In 2023, its turnover was 1 billion yuan, and in 2024, its turnover is expected to increase to 5 billion yuan - five times," said Lu Yang.
Andrey Totmakov told a ComNews correspondent that in the case of interaction, the state, business and science will benefit from cooperation, explaining that the state is concerned about the general public good, science is concerned about research and training of personnel, and business is concerned about attracting future personnel or the commercial side.