“The five richest individuals in the world today are data entrepreneurs.
The five largest firms in the world-Apple, Amazon, Facebook, Google and Microsoft-are actors in the data economy with a combined market value of nearly $5.6 trillion in 2020.
Data is increasingly a critical factor of production, complementing labour and physical capital.
On one hand, the data economy is radically transforming many economic activities and creating new levels of prosperity. On the other, it presents the possibility of a perilous dystopia, where participants in the data economy can face chronic trust deficits and insecurity. People do not know whether they are paying more or less than others. They do not know if they are targeted by market researchers or advertisers. Consumer protection is generally weak in the data economy. “
In this episode of The Other 50%, Astha Kapoor, talks about her decade long journey as a policy consultant. She has worked for the Government of India, for organizations like Dalberg, Microsave and even as an independent public strategist. Furthermore, she has extensive on-ground experience, including, (but not limited to!) the support to the relief efforts in the aftermath of the Tsunami at Tamil Nadu and the ravaging earthquake at Haiti.
All of that coalesced to the realization that the impact of technology on ground wasn't being considered, which is how Aapti Research Institute came into being. Aapti provides actionable insights to the policymakers on 3 verticals- Future of Workers, Data Economy and Governance and Citizens.
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