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Economists tell us that our future prosperity is based on the clever use of consumer data, to produce ever more innovative products or services.
The company also is hiring PricewaterhouseCoopers to audit its use of consumer data.
This month's question asks our panel whether privacy concerns will limit businesses' use of consumer data.
As discussed above, data privacy and the use of consumer data are on the top of the agenda.
The commission's decision comes as the agency has stepped up its investigation of major Internet companies over their use of consumer data.
The new venture capital wing will fund startups which are focused on making the best use of consumer data in a retail environment.
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But existing approaches to privacy and surveillance struggle to describe harms from such uses of consumer data that are proportionate to the amount of personal data involved.
"I agree that we need more dialogue on acceptable and unacceptable uses of consumer data.
"I agree that we need more dialogue on acceptable and unacceptable uses of consumer data.
(1) ubiquitous data collection; (2) the potential for unexpected uses of consumer data that could have adverse consequences; and (3) heightened security risks.
And while its premise is to give control over uses of consumer data in the form of increased transparency surrounding data collection and applications to EU citizens, its impact is more broad.
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