Committee recommends appointing online data regulator for India
The report recommends limiting first movers Facebook, Amazon, Uber and Google's control over data that has put startups at a disadvantage
An expert committee appointed by the government and headed by Infosys' Kris Gopalakrishnan has recommended establishing a body to regulate sharing, monetization and privacy of data collected online.
The regulator will have to ensure that all the parties involved will follow strict protocol and be transparent when legitimate requests to provide data are made.
The committee has presented a 72-page report, which stated that market forces on their own cannot impact social and economic benefits from data. It identified key problems from the regulator to resolve, apart from evaluating risks, re-identifying anonymised personal data and ensuring a fair environment for business.
As per the report, the new rules will oversee data collection, analysis, sharing, distributing gains and data destruction.
It also recommends forming a new "data business" classification meant for companies from health, e-commerce and tech sectors who utilise and store the data.
The document named tech giants Facebook, Amazon, Uber and Google as global entities who have benefited from the first-mover advantage. As a result, the newer entrants and startups have suffered from "significant entry barriers." The committee explained that establishing a regulatory body will reduce these disadvantages for smaller, newer business entities, facilitate data sharing, boost innovation and economic growth, and promote social well-being.
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