Vision IAS Weekly Magazine Data-Driven Innovations and Privacy

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[vc_row][vc_column][vc_column_text]Vision IAS has released its weekly magazine Data-Driven Innovations and Privacy, Candidates can read this magazine for subject society, science, and technology.

Vision IAS Weekly Magazine Data-Driven Innovations and Privacy for UPSC Civil Services Mains Examination.

Vision IAS has released a weekly magazine Data-Driven Innovations and Privacy on the 4th week of January 2021. Candidates can read this magazine for science and technology and society subjects.

Data-driven innovation forms a key pillar of the 21st century’s sources of growth. The confluence of several trends, including increasing migration of socio-economic activities to the digital space and the decline in the cost of data collection, storage and processing are leading to the generation and use of huge volumes of data – commonly referred to as “big data”. These large data sets are becoming a core asset to the economy, fostering new industries, processes, and products and creating significant competitive advantages. But the ability of public and private entities to collect and process detailed and potentially intrusive data about people, both easily and cheaply, has the potential to generate substantial privacy problems and vulnerabilities, thus bringing the idea of data regulation and data protection to, therefore.

Governments worldwide are striving to establish a proper regulatory response to the ongoing practices of personal-data collection, analysis, and usage. However, the presence and content of such regulations may directly or indirectly influence the extent and direction of data-based innovation. In this scenario, it is imperative to first understand what is data, its types, and data privacy? How is personal data driving innovation in the present times? What are the implications of data-driven innovation on the privacy of users? What are the consequences of privacy regulation for innovation outcomes? And how can we promote data privacy whilst protecting innovation? In this edition, we will attempt to answer these questions.

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