As expected, the following The technological megacycle is flourishing in Brazil. The region's fast-growing ecosystem has matured since 2012, leading to unprecedented legislative reform, technological innovation and a massive increase in global investments.
Like the classic advice to “follow the money,” recent major technological changes from computing, telephony, Internet and mobile advancements have evolved in parallel to more advanced payment methods that have helped consumers and businesses capitalize on them. . The world is moving from software to data, the lifeblood of ai training.
The convergence of big tech, finance, and government has enabled a new data economy. While ai is considered the next big thing, it is only part of the story because data is the “oil” that fuels ai. The first movement of the megacycle was the General Data Protection Regulation (GDPR) when the EU championed data privacy in 2016. Brazil stepped up and created comparative data privacy rights and is investing heavily in data infrastructure and regulation to allow citizens to take advantage of their personal data.
A lot of tech/ai/ai-deals-microsoft-google-amazon-7f624054″ target=”_blank” rel=”noopener”>billions of dollars in ai investments They come from tech giants led by Amazon, Google and Microsoft. Much of that money goes back to those strategic corporate investors in the fees they bill for access to their expensive cloud platforms.
A “cog in the wheel” is brewing for big tech and other companies – from biotech and healthcare innovators to big banks, big brands and their marketing agencies, and even governments – as access , mostly free, to our collective personal data will probably run out. By the end of the 2020s: the same data that powers our ai systems and that we collectively churn out must be monetized, monitored, and curated.
However, a new data sharing system that distributes ownership and control of that mission-critical data to everyday citizens could create new models upon which startups can innovate. Our data could power an entirely new data economy that could benefit everyone who participates or not, depending on their decision-making.
In short, the unrestricted use of personal data ends. And it's leading to the next megacycle.
Data privacy will evolve into data property rights in 2024
Our data could power an entirely new data economy that could benefit everyone who participates or not, depending on their decision-making.
The next technology megacycle, in which ordinary citizens around the world own and control their personal data that powers ai, began about a year before the global COVID pandemic. In early 2019, Apple CEO Tim Cook essay in time magazine Calling for a historic package of reforms to protect and empower consumers helped spark a cultural and legislative shift away from unfettered access and collection of our personal data. Apple has committed to much more sustainable business operations by 2030, so we see an attempt to better align one of the world's most valuable technology brands with clear and compelling social responsibility.
Regarding these issues, Cook wrote: “In 2019, it is time to defend the right to privacy: yours, mine, all of us. “Consumers should not have to tolerate another year of companies irresponsibly amassing huge user profiles, data breaches that seem out of control, and the disappearance of the ability to control our own digital lives.”
Since then, more data privacy regulations have emerged and the ability to track consumer purchasing habits and preferences has diminished. Some of the world's most progressive thinkers, such as the governor of California Gavin Newsomhave called for various forms of a “new data dividend” that will provide a framework for ordinary citizens to obtain value or monetary compensation for their data that they could exchange with various organizations.
