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LEGISLATION

Enabling data-driven innovation through

trusted data sharing in a digital economy

The Infocomm Media Development Authority • A lack of guidance, methodologies and systemic
(IMDA) and Personal Data Protection Commission approaches for data sharing;
(PDPC) just announced the first comprehensive
Trusted Data Sharing Framework to facilitate trusted • Establishing trust with partners when sharing data;
data sharing between organizations.
• Ensuring compliance with regulations such as the
The trusted use of data is the foundation of a vibrant Personal Data Protection Act (PDPA);
Digital Economy, and trusted data flows have the
potential to deliver tremendous benefits to both • Valuing the data assets they currently have; and
organizations and consumers. For organizations, it
facilitates more effective information exchanges, and • Addressing concerns that data sharing could result
enables shared data assets to support the in a loss of business competitiveness or exposure of
development of innovative solutions, to customize trade secrets.
services and processes for different market segments.
For consumers, their willingness to share their data This can impact their ability to maximize the use of data
with organizations reflects the amount of confidence to develop and bring innovative products and services
they have in an organization’s ability to use and to market.
safeguard data. The intent of the Framework is that To address these challenges, the Framework helps
with stronger safeguards and clarity on regulatory organizations to establish a set of baseline practices by
compliance, consumers will be more ready to share providing a common ‘data-sharing language’ and
their data and consequently benefit from more suggesting a systematic approach to the broad
personalized goods and services.
considerations for establishing trusted data sharing
While organizations have begun to recognize the value partnerships. It incorporates content from existing
of data, they face the following challenges in sharing PDPC guides on personal data anonymization and
their data assets: sharing; new materials such as a guide to data
valuation for data sharing; and sample legal templates
32 June 2019 - Cyber-security & Data Protection