This week, we begin with an article that explores the role of data stewards in not just safeguarding the health sector data but also unlocking its value to advance society, which will allow governments to understand and more quickly address public health emergencies. Next is a suggestion by IEA to make all its data a public good to boost market transparency and promote good energy towards green goals. Then, we have a new rule by RBI that will liberalise a wider range of companies, mostly the fintech firms, the access to credit data of millions of Indians. Following that, we have an essay that talks about the significant changes introduced by the Indian government in terms of privacy & data protection developments during the year 2021. Next is a story about how the shortage of technical and regulatory know-how is the principal barrier to the adoption of alternative data in private equity. Lastly, we have a piece on the need to harness and leverage the power of retailers’ data into their decision making, to cope with the supply chain disruptions caused by the pandemic.
Data For Wellness: Re-Imagining Health Data Governance
A data revolution is underway in healthcare, and it has been given its strongest headwind by the pandemic, where data from contact tracing apps and other tracking systems helped shape and strengthen a multidimensional response. This use case has set a new paradigm for crafting effective health planning. Consequently, health planning will call for larger volumes of data than ever.
IEA Will Soon Free All Its Energy Data
If you’ve unlocked some recent International Energy Agency (IEA) data for a few thousand dollars, it could be the last time you are required to do so. The IEA is suggesting that it could make all its data and analyses free and available to all, Quantum Commodity Intelligence reported on Thursday. The move will support data transparency, particularly concerning the climate, at a time when the world is increasingly shifting toward green goals.
RBI’s New Rules Give Fintech Firms Wider Access To Credit Data
The Reserve Bank of India (RBI) has laid down new rules that will allow a wider range of companies to access to credit data of millions of Indians. Previously only regulated companies could access the credit information from credit bureaus. Under the Credit Information Companies Act only banks, NBFCs, regulated brokers, credit institutions, insurance providers, telecom companies and a few other companies from regulated sectors had access to the financial data of Indians.
Privacy & Data Protection Capsule: India’s Turn On The World Stage
2021 was a blink-and-you-will-miss conveyor belt of activities on privacy and data protection in India. With the din of the absence of a comprehensive data protection law in India louder than ever, there was no lack of activity on the legislative and executive side. The Indian Government introduced significant changes such as liberalizing the archaic geospatial data regime, introducing industry standards for privacy assurance, and introducing tighter security measures in the digital payments sector.
Navigating The Technical And Regulatory Barriers To Alt-Data Adoption In Private Equity
However, the disconnect between the enhanced returns on offer to private equity firms from alternative data and its relatively limited adoption across the industry to date speaks to the complex technical and regulatory challenges that it poses. It bears repeating that insights gleaned from alternative data should never be the sole factor on which an investment manager makes any decision. Instead, they are one piece of a bigger informational jigsaw.
How Retailers Can Use Their Data To Emerge Stronger
Alongside the pandemic, 2021 continued to be marred by a significant and ongoing supply chain crisis. Disruption to shipping, increasing freight prices, and shortages of everything from semiconductors to HGV drivers has led to empty shelves for consumers and rising costs for retailers. Even the UK government confirmed that Christmas was at risk due to shattered supply chains, with key products still inaccessible and stuck in transit.