Personal Data as an Asset: Design and Incentive Alignments in a Personal Data Economy
19 Feb 2018, 17:30 to 19 Feb 2018, 19:30
Institute of Advanced Legal Studies, 17 Russell Square, London WC1B 5DR
Title: Personal Data as an Asset: Design and Incentive Alignments in a Personal Data Economy
Speaker: Professor Irene Ng, Director of the International Institute for Product and Service Innovation and the Professor of Marketing and Service Systems at WMG, University of Warwick
Panel Discussants: Perry Keller, King's College London and John Sheridan, National Archives
Chair: Dr Nora Ni Loideain, Director and Lecturer in Law, Information Law & Policy Centre, Institute of Advanced Legal Studies
Despite the World Economic Forum (2011) report on personal data becoming an asset class the cost of transacting on personal data is becoming increasingly high with regulatory risks, societal disapproval, legal complexity and privacy concerns.
Professor Irene Ng contends that this is because personal data as an asset is currently controlled by organisations. As a co-produced asset, the person has not had the technological capability to control and process his or her own data or indeed, data in general. Hence, legal and economic structures have been created only around Organisation-controlled personal data (OPD).
This presentation will argue that a person-controlled personal data (PPD), technologically, legally and economically architected such that the individual owns a personal micro-server and therefore have full rights to the data within, much like owning a PC or a smartphone, is potentially a route to reducing transaction costs and innovating in the personal data economy. I will present the design and incentive alignments of stakeholders on the HAT hub-of-all-things platform (https://hubofallthings.com).
Professor Irene Ng is the Director of the International Institute for Product and Service Innovation and the Professor of Marketing and Service Systems at WMG, University of Warwick. She is also the Chairman of the Hub-of-all-Things (HAT) Foundation Group (http://hubofallthings.com). A market design economist, Professor Ng is an advisor to large organisations, startups and governments on design of markets, economic and business models in the digital economy. Personal website http://ireneng.com
Perry Keller is Reader in Media and Information Law at the Dickson Poon School of Law, King’s College London, where he teaches and researches issues relating to freedom of expression, privacy and data protection. He is the author of European and International Media Law. Mr Keller's current research concerns the transparency of urban life as a consequence of governmental and commercial surveillance and the particular challenges that brings for liberal democracies. He also has longstanding connections with China, having previously studied or worked in Beijing, Nanjing, Taipei and Hong Kong. His current research interests regarding law and regulation in China concern the development of a divergent Chinese model for securing data privacy and security.
John Sheridan is the Digital Director at The National Archives, with overall responsibility for the organisation’s digital services and digital archiving capability. His role is to provide strategic direction, developing the people and capability needed for The National Archives to become a disruptive digital archive. John’s academic background is in mathematics and information technology, with a degree in Mathematics and Computer Science from the University of Southampton and a Master’s Degree in Information Technology from the University of Liverpool. Prior to his current role, John was the Head of Legislation Services at The National Archives where he led the team responsible for creating legislation.gov.uk, as well overseeing the operation of the official Gazette. John recently led, as Principal Investigator, an Arts and Humanities Research Council funded project, ‘big data for law’, exploring the application of data analytics to the statute book, winning the Halsbury Legal Award for Innovation. John has a strong interest in the web and data standards and is a former co-chair of the W3C e-Government Interest Group. He serves on the UK Government’s Data Leaders group and Open Standards Board which sets data standards for use across government. John was an early pioneer of open data and remains active in that community.
A wine reception will follow this seminar.
Admission FREE but advance booking is required.
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