Data is not the new oil - its the new electricity

Questions posed from the Open Banking and Open Finance discussion Part 1 in October 2020 and will provide the framework for the Open Data Part II discussion on 2 March.

Why is data such a powerful tool for consumers?

How exactly does consumer control of data put companies under pressure to cut prices, innovate and personalise?

Is the data of sufficient quality and extent to achieve the vision of a digital economy driven by consumers granting access to their data?

Are banks (and energy and telecommunications companies) resisting Open Data?

What other sectors are vulnerable to an Open Data economy?

How should price comparison websites evolve their business model?

Can consumers be confident their data is transferred and held securely?

Why is consumer uptake of Open Banking in the United Kingdom so slow?

What other forms of data will become available (e.g. mobile telephone data, Internet searches etc.)?

Which countries are getting data regulation right (if any)?

Do we need a new international body to co-ordinate national data regulation?

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