The Key Question for the New Economy: Who Owns the Data? (SCMP)


Property rights have been crucial to society since time immemorial, but as technology evolves, rights too are changing, presenting new challenges. We are in the throes of the fourth industrial revolution, driven by advances in, and the proliferation of, AI and big data. The importance of big data in the new economy is like that of oil in the old one. But associated with the unprecedented efficiency and convenience of the new economy, one of the biggest challenges we are facing is the aggressive violation of individuals’ rights, including privacy.