The Economist hosted Professors Ezrachi and Stucke in its webinar, Data is the new oil: Unpacking risks and opportunities in a data-fuelled marketplace.
Here is a description of the webinar:
Oil is the largest traded commodity by value; the black substance that defined the world economy in many ways for the last century may be transplanted by a new strategic driver: data.
Vast amounts of data are being generated daily- more than 1.7MB per person per second, according to a recent report by Domo, a cloud-based solution provider. Business models have been built around data exploitation, and algorithms are developed and refined as more data are generated. However, unlike oil, data can be difficult to trade and price. Moreover, there are sticky legal, regulatory and ethical issues associated with their usage.
Join us as we invite Prof Ariel Ezrachi and Prof Maurice Stucke to unpack the risks and opportunities in a data-fuelled marketplace. During the session we’ll explore the data economy and the competition law required to guard against marketplace power and abuse.
The webinar is available at