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OWNERSHIP, SECURITY AND GOVERNANCE, THE KEYS TO THE NEW MANAGEMENT MODEL FOR THE NEW DATA ECONOMY
OWNERSHIP, SECURITY AND GOVERNANCE, THE KEYS TO THE NEW MANAGEMENT MODEL FOR THE NEW DATA ECONOMY

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THE NEW DATA ECONOMY

Technologies such as IoT, artificial intelligence or 5G have strongly burst into the economy and created opportunities for an industry that, in the near future, will be based on the management of non-personal data as one of the main growth assets of these companies. In this timely context, Tecniberia, in collaboration with PONS IP, held a hybrid meeting at Fundación PONS headquarters with more than 50 engineering companies to analyze the challenges this new scenario poses to the Spanish industry, not only from a technical but also from a legal perspective.

Thus, our general manager Nuria Marcos called for a new governance model for these assets arising from this technological disruption. ‘It is important to highlight that, if these data are going to validate new business models, these models require a new governance model within a legal certainty environment to exploit these new revenue streams with the necessary legal certainty to move forward on the roadmap towards the change of economic growth model based on these technological assets that the Spanish economy needs.’

Eric Macía, lawyer of the Information Security Area of PONS IP, reviewed the regulatory framework defined by the EU for the management of non-personal data as well as the relationship between companies and public institutions in the definition of data flow among entities ‘based on accessibility, non-discrimination, concurrence and neutrality criteria’ where the 2018 Regulation for the free flow of non-personal data and the 2019 European Open Data Directive stand out. Pending the definition of the Proposal for a Governance Regulation that is expected to be approved in the medium term, Maciá reminded that although clear regulations are crucial, ‘in the universe of non-personal data, the contract is king’.

PONS IP’s Strategic Counselor, Luis Ignacio Vicente, intervened next, pointing out that non-personal data ‘already represents a paradigm shift for the economy and industry. If nowadays 40% of the data that circulates on the Internet and machine-to-machine communication is non-personal data, in my opinion the new economy game has already begun. This is a great opportunity for Europe and its companies to fight confidently in the great global battle for economic leadership in this field,’ concluded Vicente.

But to drive this new growth model, according to PONS IP’s Strategic Counselor, ‘we must define the governance model for the assets linked to non-personal data and be able to identify these assets and have an appropriate regulatory framework to protect and exploit them’.

The meeting concluded with a round table to learn what some companies are already doing, moderated by the general secretary of Tecniberia, Araceli Garcia Nombela, with the participation of Alicia Arce, Chief Innovation Officer at Ayesa, Ana Olmeda Clemares, Chief Technical Officer at Vectio | traffic & transport planning and Ismael F. Espartero Director of IT at FHECOR ingenieros consultores.

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