General Principles of the New Data Economy
In the evolving landscape of the digital world, the principles governing the new data economy become increasingly crucial. DrumWave Inc. presents a comprehensive framework that delves into the intricate relationship between data generation, protection, and monetization. This framework is underpinned by fundamental principles that align with both legal requirements and value creation.
Abstract
The paper seeks to establish a broad definition of what the data economy is in its current main forms and proposes a set of key principles for developing alternatives that more effectively respond to the economic challenges posed by data ownership, individual entitlement, and collective wealth creation. It also aims to encourage academic engagement in the research of these issues in order to broaden the solutions and methodologies proposed.
