·
“ Data colonisation” is as bad as previous forms of colonisation
and India’s data must be controlled and owned by
Indians
·
Data of an individual or business belongs
to them and not to corporates who could use it to monetize from them.
·
In this new world, data is the new oil. And
data is the new wealth. India’s data must be controlled and owned by
Indian people and not by corporates, especially global corporations
·
Therefore, for India to succeed in this data-driven revolution,
necessary steps will have to be taken to migrate the control
and ownership of Indian data back to India - in other words, Indian
wealth back to India
·
Data freedom, he said, is as precious as the freedom won in 1947.
·
Fundamentally, I am a big believer in the power of all of us
together rather than a power of few.
·
The world will have to go from aggregator model to a distributor
model as he backed those arguing for preventing foreign companies from
repatriating and making money off of Indian consumers’ data.
·
Important thing is that data of an Indian belongs to him. It does not belong to a corporation, whether
it be Indian or global. The only right that the corporation has is exactly like
a bank that if I give you a fixed deposit locker and you put your money, which
is your data in my locker, it doesn’t become mine that I take that money and
gamble on the stock market. If I make gain, take it and then say, I have given
back your Rs 100. It doesn’t work like that
·
Fundamentally, he said, the data belongs to the individual. If I
use or monetise it in any way, I have to transparently share with you
the gains of that
·
I strongly feel on data ownership and the way data should be monetized
for every single entity. This is true for individual, small merchants, small shops, small
businesses, and large businesses. Even my business data should be my own data.
=======================================================
Thank you Mukesh [ mukesh.ambani@ril.com ] :
- for articulating the Storage – Distribution – Exploitation and Compensation for the NEW OIL , whose Ownership vests with individual citizen
Coming from you , there is no doubt that our Policy
Makers will , carefully listen to you
And should the Policy Makers want to know how the
principles laid down by you could be effectively translated into practice , they may look up my following earlier E mails :
The new GDP ………………………………………………………..[ 18 Dec 2018
]
Only
Answer : a Statutory Warning ………………………..[ 10 Nov 2018
]
Contract
for the Web ………………………………………………..[ 06 Nov 2018
]
Internet
Bill of Rights ………………………………………………..[ 07 Oct 2018
]
Alice
in the Wonderland of Privacy ! ………………………..[
06 Oct
2018 ]
Tim
Berners-Lee Speaks …………………………………………..[ 30 Sept 2018
]
Wealth
of Nations ……………………………………………………….[ 17 Aug 2018
]
A
Matter of Motive ……………………………………………………….[ 04 Aug 2018
]
Data
Privacy Law : a Pandora’s Box ? ……………………….[
15 July
2018 ]
Privacy for
Sale …………………………………………………………[ 26 Aug
2017 ]
=====================================================================================
20 Dec 2018
www.hemenparekh.in /
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