The Internet economy in the G-20 is larger than the GDP of Brazil or Italy and is expected to nearly double to $4.2 trillion by 2016. But this growth could be severely limited without an effective set of “trade rules” to ensure the appropriate flow of personal data, according to a new report. The new report from the World Economic Forum and The Boston Consulting Group says financial services, health care, online retail and marketing, and social media are among the areas most likely to be affected. “Rethinking Personal Data: Strengthening Trust” suggests that appropriate use of personal data can create enormous value for governments, organizations, and individuals. It can help achieve new efficiencies in business, tailor and personalize new products, help respond to global challenges, and empower individuals to engage in social, commercial, and political activities more effectively. The recent financial–market interest in companies that have amassed vast quantities of personal data is evidence of the potential value that can be unlocked.
Personal data, however, remains an asset without clear trade rules and, as a result, is at significant risk of not yielding potential value. High-profile security-data breaches are commonplace. Individuals are increasingly concerned about intrusions into their privacy and the possibility of their personal data being used for purposes of which they do not approve. Companies are unclear about what they can and cannot do with personal data and are either standing on the sidelines or forging ahead with an unclear understanding of liabilities and the potential for negative impact on their reputations and brands. Governments are proposing various laws and regulations to protect privacy while also aiming to encourage innovation and growth. The question is how to establish a clear, robust set of rules that will enable appropriate data flow and fit the speed at which today’s hyperconnected world moves. There must be clear rules and accountabilities but also sufficient flexibility to deal with a rapidly moving, complex, and uncertain set of needs and opportunities. The report points to actions stakeholders can take, focusing on three areas:
• Upgrade protection and security to protect privacy and secure personal data against intentional and unintentional security breaches and misuse.
• Agree on rights and responsibilities for using data by establishing a consensus on rights, responsibilities, and permissions for use of personal data that recognize the importance of context and the need to balance the interests of multiple stakeholders.
• Driving accountability and enforcement -- holding organizations accountable for protecting and securing personal data and using it in accordance with the rights and established permissions for trusted flow.
(Contact: BCG, Eric Gregoire at 617/850-3783or email@example.com.)
The “Safe City” concept is gaining popularity on a global scale due to technology developments that allow advanced integration of various systems to provide better situational awareness and thereby increase efficiency and safety, according to Frost & Sullivan. Frost & Sullivan analyzed the Top 100 cities globally with regard to six key factors: economic power, technology adoption, security threat, city and security maturity, urbanization and privacy. The study entitled ‘Global Safe Cities Market Assessment’ explains which technologies are currently being implemented in cities and forecasts what solutions are to be employed in the next market stage. Tokyo, New York, Los Angeles, Chicago and London are the key cities in which adoption of latest technology solutions is of highest priority. The future of city security will be in wireless data transfers from end-points to network and storage. Security as a service, Long-Term Evolution (LTE) adoption and Machine-to-Machine (M2M) communication are the main factors for the development of Safe City projects. "Currently cities are dealing with issues of many disparate systems which do not yield as much efficiency. New technologies must be introduced and connected to increase citizens’ safety and to provide effective intelligence and situational awareness," says Frost & Sullivan's Research Analyst, Krzysztof Rutkowski. "With the population of cities continuously growing, security and safety threats are the main factors influencing the level of technological procurement. There is also increasing pressure on local authorities to ensure citizens' protection."
(Contact: Frost & Sullivan, Joanna Lewandowska, +48 22 481 62 20, firstname.lastname@example.org, http://www.frost.com).
The Indian IT infrastructure market comprised of servers, storage and networking equipment will reach $2.05 billion in 2012, a 10.3 percent increase over 2011, according to Gartner, Inc. The IT infrastructure market is expected to reach $3.01 billion by 2016.
Revenue growth will primarily be driven by ongoing data center modernization, as well as new data center build outs. Servers are the largest segment of the Indian IT infrastructure market, with revenue forecast to reach $754.5 million in 2012, and grow to $967.2 million in 2016. “Technology’s role in the enterprise is increasing and IT’s closer alignment with business, and vice versa, is a topic of much focus within Indian enterprises today,” said Aman Munglani, research director at Gartner.” Soon there will be a time when there is no IT strategy, only a business strategy, as leading CIOs are seeing technology as a business enabler and a engine for innovation.”
(Contact: Gartner Inc., Sony Shetty, +91 22 67092031, email@example.com).
Despite considerable resources allocated by IT vendors to scale-up their offerings, only 19% of retailers across key Asia/Pacific markets are evaluating the adoption of some form of cloud computing services. But IDC’s latest cloud survey reveals that cloud deployment is on their priority list; 32% of the respondents say that they are considering implementing cloud in the next two to five years. “Retailers in Asia/Pacific are taking a cautious approach to cloud,” says Kumar Gs Das, research manager for IDC Retail Insights Asia/Pacific. “The majority of them recognizes that the cloud would bring efficiency to their IT systems and improve operational backend issues. However, the plan to move into virtual platforms does not appear to be immediate and would take between two to five years.” More insights can be found in an upcoming report, “Cloud Adoption in the Asia Pacific – Retail Industry”. IDC Retail Insights notes that the retail industry, defined by its use of legacy systems, has always been a little hesitant when it comes to technology. Adoption of retail-specific technology in Asia/Pacific is less when compared to the other regions as the industry is still developing. However, IDC Retail Insight believes that the positive economic outlook in Asia will drive the future adoption of cloud among retailers in this region. The survey further reveals that data security, firewall concerns and integration into internal IT systems are the three main barriers to cloud adoption among Asia/Pacific retailers. For cloud to gain traction, IDC Retail Insights believes that there must be greater investment in backend infrastructure to improve connectivity.
(Contact: IDC Retail Insights, Kumar Gs Das, firstname.lastname@example.org,+91 80 6699 1070 ;
Lay Fang Tan, email@example.com, +65-6829-7731).
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