The World Economic Forum Telecommunications group launched a multi-year project called Re-thinking Personal Data. The undertaking grows out of a report by WEF published in February 2011 called Personal Data: The Emergence of a New Asset Class.
The Paper delivers a high-level overview of the opportunity that develops when people have control and agency over their own personal data along with the regulatory and ethical challenges it helps avoid. It puts forward five areas of collective action and PDEC is active in supporting all of them in industry.
It highlights 5 areas of collective action:
1) Innovate around user-centricity and trust.
2) Define global principles for using and sharing personal data.
3) Strengthen the dialogue between regulators and the private sector.
4) Focus on interoperability and open standards.
5) Continually share knowledge.
This report underscores the importance of the work of PDEC, to cultivate an ecosystem that gives users the tools to play in the market for their information.