TiE DC GovCon Panel on Emerging Technologies: AI/ML/Blockchain/Data Management and Advanced Analytics
Pieter De Leenheer presented on the future of data and policy. Technologies have created new ways to use and value data. Data collection, processing, and sharing responsibilities have diffused and control of data has become less institutional. The cycles of data technology and policy have compressed in time. Public health crises will likely drive new data regulations, as the 2008 financial crisis and COVID-19 pandemic have previously done. There are opportunities to create value from AI but also increasing ethical and regulatory challenges to address regarding data use and privacy concerns. Multi-platform innovation, data sharing protocols, smart contracts, and education can help balance data innovation and policy requirements going forward.
TiE DC GovCon Panel on Emerging Technologies: AI/ML/Blockchain/Data Management and Advanced Analytics
- 1. TiE-DC GovCon Panel 11/4 Innovation, Policy and Society Pieter De Leenheer, Ph.D.
- 2. 1. Technologies create new options to use / value data 2. Diffusion of data (collection, processing, sharing) responsibilities and deinstitutionalization of data control 3. Time compression of data technology- and policy cycles Forces in the Data Sphere 2008 Financial Crisis prompts new data regulation 1980 PC, LAN introduced 2019 Public Health Crises will drive new data regulations Opioid, SARS, COVID- 2, COVID-19 Sources: De Leenheer (2019), Sources: PwC, Pew Research Center How to keep pace with AI driven value creation opportunities whilst meeting increasing ethical and regulatory requirements? • 91% lost control over how data collected by companies • 70% of social media users concerned about surveillance • 41.5% don’t trust AI services (Alexa, Betterment, ...) • 40% concerned, skeptical, unsure about AI
- 3. • Anti-trust regulations • Multi-platform innovation on levels of trustworthy information retrieval, cloud computing and storage, smart contracts and ledger technology • Data sharing embargo and sharing protocols • Smart contracts to scale temporal and geographical policy changes across data value chains • Business policy and data management education programs Forecasting the Future of Data and Policy
- 4. Thank you pdeleenheer@hbs.edu Pieter De Leenheer