Dataconomy to strike a balance
Data economy: Huge opportunities for Australian business if we can get it right
Austrade chief executive Stephanie Fahey, NSW Finance Minister Victor Dominello and open banking review author Scott Farrell are among the headline speakers at InnovationAus.com's inaugural Dataconomy forum in Sydney on December 12.
As Australian policy-makers seek to strike a balance between the need to protect the data rights of individuals on the one hand against the potential for businesses to create new value economic value, there are fundamental regulatory complexities that are being dealt with.
While the public and even the business community might not know it, Australia has developed sophisticated policy thinking on data. We are well progressed in this area.
The data economy is in fact one area where the government has taken the lead, and it is the business community that must get on board and play catch-up.
This is not just about regulatory settings. If data truly is the fuel that will drive our economy in transition, the time for business to better understand this is right now.
The data frameworks we put in place in this country have the potential to set-up our competitiveness in markets around the world.
There are issues of standards, or data sovereignty and of global data supply chains that businesses must come to grips with now if they are to take full advantage of the opportunities on offer.
The InnovationAus.com Dataconomy forum is being presented in collaboration with partners Reinventure, Data Republic and King & Wood Mallesons. Seating at this event is limited and you can register your attendance here.
Speakers at the Dataconomy include:
- Dr Stephanie Fahey, Chief Executive Officer, Austrade
- The Hon. Victor Dominello MP, Minister for Finance, Services and Property, NSW Government
- Scott Farrell, Partner, King & Wood Mallesons
- Dr Bronwyn Evans, Chief Executive Officer, Standards Australia
- Bruce Cooper, General Manager, Consumer Data Rights Branch, ACCC
- Danny Gilligan, Co-Founder, Reinventure
- Daniel McCauliffe, Senior Advisor, Structural Reform Group, Federal Treasury
The Dataconomy 2018 forum addresses regulatory structures that will help drive opportunities in the data economy. But this is a business forum, and is ultimately a practical morning forum designed to help businesses better understand where the opportunities are, and what the over-the-horizon challenges will be in the emerging data economy.