Are data trusts practical and more effective to manage the complexity of data sharing & privacy requirements?Some interesting thoughts from MIT - some of this thinking/ approach was piloted in EU/ UK recently, and back in 2017 Google's Sidewalk labs tried it out. Could we be ready for data trusts now?https://www.technologyreview.com/2021/02/24/1017801/data-trust-cybersecurity-big-tech-privacyimage credit: MIT
The key to keeping ahead in business and ready for future disruptions is to be open to new ideas, says David Gonski AC, Chancellor of UNSW Sydney."As business leaders around the world continue to adjust to the unprecedented disruption brought about by the global COVID-19 pandemic, embracing new ideas and planning for bad times is more important than ever.”His future-proofing insights are offered under these headings:1. Run your business with a long-term view2. Improve the future of business with R&D3. Consider how much capital you need4. Your choice of staff is vital – as is caretaking corporate memory5. Seek diversity within businesshttps://www.businessthink.unsw.edu.au/articles/future-proof-business-david-gonski?
“Freedom House, a non-partisan organisation dedicated to promoting
freedom and democracy, reports that freedom across the globe has declined for
15 straight years.""Across a swath of central Europe and central Asia in particular, a total
of 18 countries suffered declines in democratic trends last year, while only
six in those regions saw improvement.""Democracy is messy, but in an authoritarian system the problem is the
lack of messiness. Cults of personality develop, opposing voices with
potentially good ideas are squelched, healthy debates and innovative thoughts
are blocked.”Gerald F. Seib The Wall
Street Journal (Reprinted The Australian - 14/7/21)
McKinsey Global Institute's latest report of 38 OECD countries (inc Australia) (link below) looked at the value generated by 8 types of companies and how economic value flows to households and the broader economy, and trends in the last few decades. Globally, the patterns are quite different. Which one(s) do you think have the potential for equality, quality of life and better prosperity? There are some worrying trends for labour markets and if our education 'critical infrastructure' isn't invested in what do you think this means for Australians and globally?Image credit:https://www.mckinsey.com/business-functions/strategy-and-corporate-