|Sector:||Competition, Regulation and Business | ICT | Internet/New Economy | Privacy and security|
|Client:||Open Data Institute|
|Published:||16 April, 2019|
|Document type:||LE publication|
|Tagged:||2019 AI data portability data protection digital economy public policy|
As part of the ODI’s work on data trusts, LE provided an external assessment of the concept of data trusts, focusing on their economic function. The rationale for government support for data trusts as new a data sharing mechanism is framed in terms of their contribution to productivity, and development of AI and data-driven innovation more broadly.
The report discusses the economic effects of enabling data sharing across organisations and market failures and frictions that data trusts help to address, and derives recommendations for further development of data trusts.
A conference discussing the outcomes of the ODI’s data trust pilots was held in London on 15 April 2019, details here.