dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Technology

Enabling Data-Driven Innovation Through Trusted Data Sharing In A Digital Economy

  • June 28, 2019
Total
0
Shares
0
0
0

The Infocomm Media Development Authority (IMDA) and Personal Data Protection Commission (PDPC) today announced the first comprehensive Trusted Data Sharing Framework (“Framework”) to facilitate trusted data sharing between organisations.

The trusted use of data is the foundation of a vibrant Digital Economy, and trusted data flows have the potential to deliver tremendous benefits to both organisations and consumers. For organisations, it facilitates more effective information exchanges, and enables shared data assets (e.g. between business partners) to support the development of innovative solutions, to customise services and processes for different market segments. For consumers, their willingness to share their data with organisations reflects the amount of confidence they have in an organisation’s ability to use and safeguard data. The intent of the Framework is that with stronger safeguards and clarity on regulatory compliance, consumers will be more ready to share their data and consequently benefit from more personalised goods and services.

While organisations have begun to recognise the value of data, they face the following challenges in sharing their data assets:

  • A lack of guidance, methodologies and systemic approaches for data sharing;
  • Establishing trust with partners when sharing data;
  • Ensuring compliance with regulations such as the Personal Data Protection Act (PDPA);
  • Valuing the data assets they currently have; and
  • Addressing concerns that data sharing could result in a loss of business competitiveness or exposure of trade secrets.

This can impact their ability to maximise the use of data to develop and bring innovative products and services to market.

To address these challenges, the Framework helps organisations to establish a set of baseline practices by providing a common ‘data-sharing language’, and suggesting a systematic approach to the broad considerations for establishing trusted data sharing partnerships. It incorporates content from existing PDPC guides on personal data anonymisation and sharing; new materials such as a guide to data valuation for data sharing; and sample legal templates to enable contractual data sharing. When using the Framework, organisations will also be guided through the regulatory considerations, and the contractual, technical and operational safeguards needed in a data sharing arrangement.

The Framework can help uplift practice norms – enabling better, trusted data flows for the Digital Economy both within the local ecosystem and globally. They can also empower emerging technologies such as Artificial Intelligence (AI) by incorporating accountability, transparency and human-centricity by-design right from the beginning.

The Framework can be downloaded at www2.imda.gov.sg/AI-and-Data from today.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • Digital Economy
  • Framework
  • Smart Nation
majulah

Previous Article
  • Cities
  • Lah!

Singapore Smart Nation’s Digital Government Blueprint

  • June 28, 2019
View Post
Next Article
  • Technology

Would Your Mobile Phone Be Powerful Enough To Get You To The Moon?

  • July 3, 2019
View Post
You May Also Like
oracle-ibm
View Post
  • Artificial Intelligence
  • Technology

IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud

  • Dean Marc
  • May 6, 2025
View Post
  • Software
  • Technology

Canonical Releases Ubuntu 25.04 Plucky Puffin

  • Dean Marc
  • April 17, 2025
View Post
  • Artificial Intelligence
  • Technology

Tokyo Electron and IBM Renew Collaboration for Advanced Semiconductor Technology

  • Dean Marc
  • April 2, 2025
View Post
  • Artificial Intelligence
  • Technology

IBM contributes key open-source projects to Linux Foundation to advance AI community participation

  • dotlah.com
  • March 22, 2025
View Post
  • Artificial Intelligence
  • Technology

Mitsubishi Motors Canada Launches AI-Powered “Intelligent Companion” to Transform the 2025 Outlander Buying Experience

  • Dean Marc
  • March 10, 2025
View Post
  • Technology

New Meta for Education Offering is Now Generally Available

  • Dean Marc
  • February 26, 2025
View Post
  • Artificial Intelligence
  • Technology

Deep dive into AI with Google Cloud’s global generative AI roadshow

  • dotlah.com
  • February 18, 2025
View Post
  • Artificial Intelligence
  • Technology

How the UK’s plans for AI could derail net zero – the numbers explained

  • dotlah.com
  • February 9, 2025


Trending
  • 1
    • Lah!
    National Gallery Singapore Celebrates National Day
    • August 8, 2019
  • 2
    • Lah!
    Grab Brings More Expansion Opportunities To Merchant-partners With Second GrabKitchen In Singapore
    • October 6, 2020
  • 3
    • Society
    • Technology
    How Coronavirus Is (Unexpectedly) Accelerating The Future Of Work
    • March 9, 2020
  • 4
    • Lah!
    2019 Is Singapore’s Joint Warmest Year On Record
    • January 16, 2020
  • sandor-szabo-vGg-oZfdXcc-unsplash 5
    • Op-Ed
    • People
    • Technology
    Embracing The Human Spirit In The Age Of AI. A Broader Perspective On Opportunities, Challenges, And Safety.
    • June 19, 2023
  • covid19 mental health 6
    • People
    The Pandemic, US Elections, And Other Current Events – Taking Care Of Your Mental Health In These Trying Times
    • November 11, 2020
  • 7
    • Lah!
    • Technology
    Singapore And Apple Partner On National Health Initiative Using Apple Watch
    • September 16, 2020
  • 8
    • Cities
    • Lah!
    CapitaLand Development And Ascendas Reit To Jointly Redevelop 1 Science Park Drive Into A Life Science And Innovation Campus For S$883 Million
    • November 17, 2021
  • 9
    • Lah!
    • Science
    NTU Singapore Scientists Convert Plastics Into Useful Chemicals Using Sunlight
    • December 12, 2019
  • 10
    • Environment
    • People
    Here’s Why The WHO Says A Coronavirus Vaccine Is 18 Months Away
    • February 15, 2020
  • 11
    • Cities
    • Technology
    How Tech Is Changing The Way Singapore Manages Parks And Gardens
    • May 15, 2019
  • buildings-solar-panel-4478105_1280 12
    • Cities
    Living In A Sustainable City
    • October 9, 2021
Trending
  • 1
    The Summer Adventures : Hiking and Nature Walks Essentials
    • June 3, 2025
  • 2
    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    • May 29, 2025
  • 3
    315,000 Singaporeans have used new career and skills planning tool by SkillsFuture Singapore
    • May 23, 2025
  • college-of-cardinals-2025 4
    The Definitive Who’s Who of the 2025 Papal Conclave
    • May 8, 2025
  • conclave-poster-black-smoke 5
    The World Is Revalidating Itself
    • May 7, 2025
  • oracle-ibm 6
    IBM and Oracle Expand Partnership to Advance Agentic AI and Hybrid Cloud
    • May 6, 2025
  • 7
    Conclave: How A New Pope Is Chosen
    • April 25, 2025
  • 8
    Canonical Releases Ubuntu 25.04 Plucky Puffin
    • April 17, 2025
  • 9
    Mathematicians uncover the logic behind how people walk in crowds
    • April 3, 2025
  • 10
    Tokyo Electron and IBM Renew Collaboration for Advanced Semiconductor Technology
    • April 2, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.