This week, we begin with an article on Shanghai Data Exchange (SDE), a data exchange centre unveiled in Pudong New Area, representing China’s ambitions to be a role model of data trading. Next, we an article decoding the new Data Protection Bill which was adopted by a Joint Committee of Parliament in India. Next, we have a piece that explains the International Organisation of Securities Commissions’ (IOSCO) report and its recommendations for better and more stringent overview of the ESG Data Providers. In the next piece, we find out why Italy fined Google & Facebook with €10 million apiece in alignment with the country’s consumer code. Following that, we have an article that lists down key steps that can be taken to measure and communicate the tangible return on investment for data quality initiatives. Lastly, we have an article that talks of the discovery of 300 unknown exoplanets using an AI algorithm which is deemed more efficient in distinguishing false positives from the real stuff than human experts.
Shanghai Launches Data Exchange
Shanghai Data Exchange (SDE) was unveiled in the city’s Pudong New Area, representing the city’s ambitions to be a role model of data trading amid efforts to build Pudong into a modernization pioneer area as required by the central authorities. A total of 20 data products were listed on the exchange, covering eight industries including finance, transportation & communication.
Decoding Data Protection Bill
Earlier this week, a Joint Committee of Parliament (JCP) adopted the final report on the Data Protection Bill, marking a milestone for India, the largest open internet market in the world that has been trying to frame a privacy Bill for over a decade. Data protection, while ensuring individual privacy, and spelling out the state’s surveillance powers are the need of the hour. The finalization of the data protection Bill is a step in that direction.
IOSCO Calls For Tighter Regulation Of ESG Data Providers
Regulators should intensify their focus on the use of ESG ratings and data products as well as their providers in a bid to stamp out greenwashing, the International Organisation of Securities Commissions (IOSCO) has said. In a report published earlier this week, IOSCO, which groups together financial regulators from the US, Europe, Asia & Latin America, outlined 10 recommendations to make it easier to oversee the rapidly growing sector. The findings were published following a consultation with the market launched in August, in a bid to tackle the lack of transparency and consistency in data reporting on ESG across geographies.
Italy Fines Apple & Google For ‘Aggressive’ Data Practices
Apple and Google have been fined €10 million apiece by Italy’s competition and market authority (AGCM) which has found they did not provide their users with clear enough information on commercial uses of their data — in violation of the country’s consumer code. The regulator also accuses the pair of deploying “aggressive” practices to push users to accept the commercial processing. Apple and Google were both contacted for a response to the ACGM’s sanction. Both said they will appeal.
Data Quality: How To Show The ROI For Projects
While you’re pushing ahead with innumerable projects that rely on data in your organization, give attention to the quality of that data. Whether the data is collected in an analytic database for fraud detection or in a data lake for four to five different projects, that data needs to meet a quality standard that makes it fit for purpose. Data quality is an elusive subject that can defy measurement and yet be critical enough to derail any project. It’s easy to have overly optimistic assumptions about data’s efficacy. Having data quality as a focus is a business philosophy that aligns strategy, business culture, company information, and technology in order to manage data to the benefit of the enterprise.
AI Discovers Over 300 Unknown Exoplanets
A new artificial intelligence algorithm has discovered over 300 previously unknown exoplanets in data gathered by a now-defunct exoplanet-hunting telescope. The Kepler Space Telescope, NASA’s first dedicated exoplanet hunter, has observed hundreds of thousands of stars in the search for potentially habitable worlds outside our solar system. The catalog of potential planets it had compiled continues generating new discoveries even after the telescope’s demise. Human experts analyze the data for signs of exoplanets. But a new algorithm called ExoMiner can now mimic that procedure and scour the catalog faster and more efficiently.