Smartphones, social networks and other accoutrements of modern
digital life are generating vast new data sets that are revving up
the digital economy. A new consensus is needed to govern the use of
this increasingly valuable commodity, says Michele Luzi of
management consultancy Bain & Company, which conducted a study
for the World Economic Forum on the issue. "Ultimately, you have to
have a system of rights," he says - something that balances the
valid, but often conflicting, interests of individuals, governments
and businesses.
