Thus spoke Mukesh :
-------------------------
· “ Data
colonisation” is as bad as previous forms of colonisation and India’s data must
be controlled and owned by Indians
· Data of
an individual or business belongs to them and not to corporates who could use it to
monetize from them.
· In this
new world, data is the new oil. And data is the new wealth. India’s data must be
controlled and owned by Indian people and not by corporates,
especially global corporations
· Therefore,
for India to succeed in this data-driven revolution, necessary steps will have
to be taken to migrate the control and ownership of Indian data back to
India - in other words, Indian wealth back to India
· Data
freedom, he said, is as precious as the freedom won in 1947.
· Fundamentally,
I am a big believer in the power of all of us together rather than a power of
few.
· The
world will have to go from aggregator model to a distributor model as he
backed those arguing for preventing foreign companies from repatriating and making
money off of Indian consumers’ data.
· Important
thing is that data of an Indian belongs to him. It does not belong to a
corporation, whether it be Indian or global. The only right that the
corporation has is exactly like a bank that if I give you a fixed deposit
locker and you put your money, which is your data in my locker, it doesn’t
become mine that I take that money and gamble on the stock market. If I make
gain, take it and then say, I have given back your Rs 100. It doesn’t work like
that
· Fundamentally,
he said, the data belongs to the individual. If I use or monetise it in
any way, I have to transparently share with you the gains of that
· I
strongly feel on data ownership and the way data should be monetized for every single
entity. This is true for individual, small merchants, small shops, small
businesses, and large businesses. Even my business data should be my own data.”
=======================================================
Thank you Mukesh [ mukesh.ambani@ril.com ] :
- for
articulating the Storage – Distribution – Exploitation and Compensation for
the NEW OIL , whose Ownership vests with individual citizen
Coming from you , there is no
doubt that our Policy Makers will , carefully listen to you
And should the Policy Makers
want to know how the principles laid down by you could be effectively
translated into practice , they may look up my following earlier E mails :
The new
GDP ………………………………………………………..[ 18 Dec 2018 ]
Only
Answer : a Statutory Warning ………………………..[ 10 Nov 2018
]
Contract
for the Web ………………………………………………..[ 06 Nov 2018 ]
Internet
Bill of Rights ………………………………………………..[ 07 Oct 2018 ]
Alice
in the Wonderland of Privacy ! ………………………..[ 06 Oct 2018
]
Tim
Berners-Lee Speaks …………………………………………..[ 30 Sept 2018
]
Wealth
of Nations ……………………………………………………….[ 17 Aug 2018
]
A
Matter of Motive ……………………………………………………….[ 04 Aug 2018
]
Data
Privacy Law : a Pandora’s Box ? ……………………….[ 15 July 2018
]
Privacy
for Sale …………………………………………………………[ 26 Aug
2017 ]
=====================================================================================
20
Dec 2018
www.hemenparekh.in / blogs
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