On the other side of the rising digital business transformation, there are the individuals in many different roles, like consumers, patients, citizens, clients etc., and their also rising need for privacy and security. Putting humans into full control of their resources and personally identifiable data, which today are scattered across the whole internet, is a fundamental request for privacy in a connected world and already is or sooner or later will be a vital element of most privacy legislations around the world . User empowerment is counterbalancing the digital business and therefore requiring businesses to implement privacy into the fundamental design of their services.
In this track, we will evaluate all available privacy standards and practices, look at early adopters and put together the building blocks of a user managed digital business world where privacy is integrated by design.
Life Management in Finance & Insurance Industry
European Union legislation like PSD2 and the proposed new Data Protection Regulation have a serious impact on financial business. Should we pretend business as usual or change the way the finance & insurance industry interacts with their customers. The “privacy by design” approach of Trust Frameworks might be a solution.
- Simplicity; reducing complexity
- Bring the customer ‘in control’
Life Management Use Cases & Business Models
Enabling individuals, citizens, consumers to take control of their data with the opportunity to “exchange” it for shared value, will be one of the most significant shifts in business models in the decade ahead. What are the opportunities for individuals, government, business, health, education and consumer brands? What does disruption look like? What opportunities are there for new business models?
Empowering the Consumer for Digital Business and the Identity Economy
The transformation of business models into digital and the creation of new, natively digital business models, is requiring a new quality of interaction between individuals, businesses, governments and other institutions. Digital Business needs personal information of the consumer and therefore only can be successfull, if the consumer is able to have full control over what to share with whom. In this session, we will have a look at the market readiness for “privacy-by-design” approaches and user empowerment and give an outlook on how the markets will develop.