Building a big data alliance in Greater Bay Area

March 07, 2019 11:00
China's Greater Bay Area can take reference from the EU and its data protection regulations while building a data alliance in the region, an expert says. Photo: Xinhua

The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area has proposed the establishment of a global data hub in the Great Bay Area. The facility is seen essential for the region to build data resources in order to make digital economy a success in the Bay Area.

The Greater Bay Area has 'One Country Two Systems' and three jurisdictions. Therefore, it can take reference from EU, and learn from EU’s General Data Protection Regulation to build a data alliance in the region.

EU has put forward a set of measures to unleash the reuse potential of different data resources. The key is to build public-private partnership in big data within the EU. Open data policy will encourage research and innovation activities and promote digital economic growth in EU.

Currently, there are two major open data portals in EU. The European Union Open Data Portal published 10,907 datasets from 57 EU organizations. The Pan-European Open Data Portal, which went alive in 2015, has now collected nearly 760,000 data from European nations.

Meanwhile, the US also regards data as a high-value national strategic resource. The government has set up strategic guidelines. Authorities have already unveiled the development strategy, legal framework, and action plans, and implemented four rounds of policy measures.

In 2012, the White House released the Big Data Research and Development Initiative, and created the Big Data Senior Steering Group. Later, Washington drafted a roadmap to use big data improve national governance, boost leading-edge innovations and stimulate economic growth. It’s part of the efforts to shift into a digital economy and build smart cities.

In 2014, the Executive Office of the President of the United States issued a report entitled 'Big Data: Seizing Opportunities, Preserving Values.' The report focuses on how the public and private sectors can maximize the benefits of big data while minimizing the risks. It also identifies opportunities for big data to help grow the economy.

In 2016, the White House released the Federal Big Data Research and Development Strategic Plan. The plan is built upon seven focus areas: creating next-generation capabilities by developing Big Data foundations, techniques, and technologies; supporting R&D to explore the trustworthiness of data; building and enhancing research infrastructure that enables Big Data innovation; increasing the value of data through policies that promote sharing and management of data; understanding the privacy, security, and ethical dimensions of Big Data collection, sharing, and use; improving the national landscape for Big Data education and training to fulfill increasing demand for analytical talent and capacity for the broader workforce; and supporting a vibrant Big Data innovation ecosystem.

This article appeared in the Hong Kong Economic Journal on March 6

Translation by Julie Zhu

[Chinese version 中文版]

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Venture Partner of Sequoia Capital China, former head of the data committee and vice president at Alibaba Group.