World Economic Forum 2012 (†683)Rethinking Personal Data: Strengthening Trust (World Economic Forum, May 2012).
- data (p. 7): Data, unlike most tangible assets, is not consumed when used; it can be reused to generate value. Data grows ever more connected and valuable with use. Connecting two pieces of data creates another piece of data and with it new potential opportunities (as well as new potential harms). (†1562)
- trust (p. 5): High-profile data breaches and missteps involving personal data seem to be reported almost daily by the media. Tension has arisen between individual perceptions of harm and powerlessness versus organizational feelings of control and ownership. The result: a decline in trust among all stakeholders. Individuals are beginning to lose trust in how organizations and governments are using data about them, organizations are losing trust in their ability to secure data and leverage it to create value, and governments are seeking to strengthen trust to protect an individual’s privacy. (†1561)