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he industry-first report highlights 10 key findings about data privacy and protection in India
Delhi, India (12th September, 2019): Omidyar Network India, an investment firm focused on social impact, today launched a new report titled “Unlocking the potential of India’s Data Economy: Practices, Privacy and Governance”, in partnership with Monitor Deloitte. The first of its kind study analyses data practices and governance by private enterprises that are shaping India’s data revolution.
The report also has key recommendations for entrepreneurs, investors and regulators to turn data privacy into a core business and regulatory issue.
“As tech-led investors focused on impact, we believe that technology can drive massive impact in ways that were not possible earlier and have invested in a unique portfolio of enterprises that accelerate the digital journey of India’s “Next Half Billion” to access aspirational services. Equally we now focus on “responsible tech”, recognising the increased vulnerability of individuals and society to harms. This is why we support research and other entrepreneurial efforts to help inform policies, practices and behaviours by policymakers, businesses and users in good data practices, especially in privacy” said Roopa Kudva, Managing Director, Omidyar Network India.
The findings of this report encourage entrepreneurs, investors and regulators to take responsible measures that can lead India towards an ideal future of data privacy:
‘’We recognize that tech is not a silver bullet – the role of non-tech solutions and government, civil society and media in driving social change is vital, and we seek to actively engage and collaborate with them by the way of this report. As next steps, we’ll be working with our own portfolio to develop a deeper understanding and practical implications of these findings and recommendations.” adds Kudva.
The report also has recommended action plans for private enterprises, investors and regulators which will be released as handbooks later this month.