Data is one of our economy's most valuable assets. It is transforming how organisations operate and how they deliver products and services to consumers.
Data is also facilitating the creation of brand new business models where information has itself become the product. Organisations can no longer merely rely on their own generated data. In order to leverage more beneficial outcomes, they now source external data sets to achieve a broad range of commercial outcomes. This is the emerging data liquidity market.
To do this well, organisations need clear data strategies. But using data is complicated, encompassing high psychological and regulatory risk hurdles. Each form of data use case may raise new, challenging questions, and now more than ever, it is vital to maintain consumers' trust about the stewardship of data.
The challenge for organisations is to navigate this uncertain and evolving space where the rules of play are still being defined.
Clients are increasingly beginning to deploy AI tools and other algorithm based automated decision-making processes into their businesses. This raises a number of practical, legal and ethical challenges. Our AI toolkit helps you address those challenges.
Recent data scandals and the consumer backlash against privacy intrusions call for data strategies built on three pillars: governance, ethical decision making and consumer transparency and control. Legal counsel are uniquely placed to lead data strategy and to provide reasoned advice across multiple business functions. Here’s how.
The Consumer Data Right is the biggest shake-up of data regulation ever seen in Australia. What is it? How will it be enforced? And, most importantly, what does it mean for you business? Here are some of our thoughts.
I think in terms of the use of data and public trust and consumer trust, irrespective of where the law's at, a company's board should always say 'is this fundamentally what our customers would think they're giving license to us to do with their data, even if our privacy statement is very broad?'
Rachael Falk, CEO, Cyber Security Cooperative Research Centre
Partner Valeska Bloch caught up with Rachael at the Sydney event for the World Legal Summit to discuss her work at the CRC, the emerging cybersecurity trends they are focusing on and some of the challenges with the existing design of our regulatory frameworks.
Data Republic's platform enables organisations to securely exchange data on a trusted and multi-lateral basis, by providing comprehensive legal, governance and licensing workflows for the sharing of data. It is backed by Westpac, NAB Ventures and Qantas, amongst others.
MedicalDirector is a market-leading medical software and information provider that processes over 75 million patient consultations every year and equips healthcare providers with the latest technology, data, and content.