Impact of big data analytics: ‘Concentration of data may bring in new monopolists’

“A big part of public policy discussions around the world is on having a regime where data is portable, shared and yours. We do not have anything like this in India. So, we can think of a fresh policy,” Nandan Nilekani said

By: Express News Service | Bengaluru | Published: July 20, 2017 6:18 am
Nandan Nilekani, Big Data Analytics, Unique Identification Authority of India, UIAD, Business News, Latest Business News, Indian Express, Indian Express News Nandan Nilekani (File Photo)

Increasing aggregation of data on a few platforms is likely to result in the emergence of new monopolies which control data, the former chairman of the Unique Identification Authority of India, Nandan Nilekani, who crafted the Aadhaar plan for identifying Indian residents, said at a discussion on ‘How Data Analytics and Automation will transform India’.

“I am deeply concerned that data is going to create a new set of monopolists and a whole new model of colonisation,” Nilekani who championed the creation of unique identification numbers based on biometric data to enable direct transfers of government benefits to citizens said at an event on Tuesday.

Nilekani was discussing the impact of a world driven by big data analytics on jobs, policies, corporates, governments and individuals with the former chief data scientist to former US President Barack Obama, Dhanurjay ‘DJ’ Patil, at an event organised by the education start up UpGrad.

“Aggregation of data in a few concentrated platforms is actually a big risk. You end up with data monopoly. With more data and better machine learning you get more customers,” Nilekani said in a warning that big tech companies can farm big data for profits by gathering it without consent via platforms used for transactions or communications by people. There is a need to for new data policies in India to give individuals control over the usage of their data by corporations or governments, Nilekani said. “A big part of public policy discussions around the world is on having a regime where data is portable, shared and yours. We do not have anything like this in India. So, we can think of a fresh policy,” Nandan Nilekani said.

The former chief data scientist in the Obama administration, Patil, warned that companies were gathering data on people without their consent. The data could be in the form of satellite images, online pictures or documents which could be of value to a financial institution or someone else to assess an individual, he said. “This is where a very strong policy would help. India has an opportunity to learn from things that we did not do,” the former chief data scientist said. Artificial intelligence and automation would have a big impact on jobs in the IT industry like the testing of software code, ‘DJ’ Patil said.

For all the latest Business News, download Indian Express App

  1. D
    dilinpi
    Jul 20, 2017 at 3:07 pm
    www[dot]hadooptrainingbangalore[dot]com
    (0)(0)
    Reply
    1. D
      dilinpi
      Jul 20, 2017 at 3:07 pm
      check : hadooptrainingbangalore
      (0)(0)
      Reply
      1. D
        dilinpi
        Jul 20, 2017 at 3:05 pm
        Nice article Indian express>.. Thanks for sharing this awsoem article. I really wanted to share some Good informative things as a comment because i want all of this readers to be aware of what im saying. Im currently working as a hadoop developer. I was a BCA graduate with no knowledge of programming. iwas an average student and i find myself so touph getting a job after my graduation.. After getting thrown from lots of Interview.I decided to learn some skill based subjects. As I already Know BIGDATA is the FUTURE of Jobs, I started Looking for Ins utions that offers best BIGDATA HADOOP training in Bangalore I have visited lots of Ins utions and Finally I ended up in a company called PEOPLECLICK. The company was awesome. They don't give 100 Job Assurance... But they offer 100 job placements support. My complete life canged from this ins ution only, Realyy good Teaching, Good Faculty, : hadooptrainingbangalore
        (0)(0)
        Reply