data considered precious

by geza mihala

bank secrecy is the past…

(or, as the original title goes)

is data privacy the future?

2006

the last of the good-old-days

“this is only the beginning”

the slow… and painful death of bank secrecy

today

fintech innovation

creating the future of finance

lots of disruptive trends around

big data

“90% of the data in the world was created in the last two years”

“every 2 days we create as much information as we did up to 2003”

this is only the beginning

erich schmidt, google

ibm research

everything is data & data is everything

big benefits

“open data can help unlock $3 to $5 trillion … annually”

in the information age, in a knowledge economy

mckinsey global institute

closed data

did you notice how everything is free?

if you are not paying for a service, then you are the product

so who are the real customers?

big concerns

financial, medical, location, internet of things, surveillance, …

data stays around a long time,can be stolen or sold,

can damage you or others

data is kind of like nuclear waste, requires due care

colonialism 2.0

where is the real profit made on our data?

think: safe harbour agreement

all roads lead to silicon valley

“there is no cloud, just other people’s computers”

“the commercial interests of technology companies and thepolicy interests of government agencies have converged”

free software foundation

evgeny morozov, researcher

“we kill people based on metadata”michael hayden, nsa

food for thought

singularity or 1984

technology as salvationa plethora of orwellian disutopias

the biggest challenge of the future is thebalance between transparency and privacy

this is great

wilhelm tell

and all those empires around

standing up to the mighty

why bank secrecy was a swiss thing

data privacy 2.0

we extend our person into the digital domain

the protection of our rights should be extended too

my data – my say

advantage switzerland

technical and regulatory know-how tradition and international relations

ability to set standards, create brands

this is only the beginning

thank you

geza mihala