World Economic Forum report on data collaboration for the common good

29 May 2019

In collaboration with McKinsey and Company, the World Economic Forum (WEF) has published the ‘Data Collaboration for the Common Good: Enabling Trust and Innovation Through Public-Private Partnerships’ report. It identifies ‘systemic lack of trust’ among stakeholders as one of the main obstacles to ensuring inclusion and resilience as the global economy moves through the fourth industrial revolution. Therefore, the reports sets out to provide a governance framework focused on building trust among stakeholders and achieving ‘impact for a shared digital future’. Data innovation, stakeholder alignment, and economic sustainability and scalability, are some of the main instruments mentioned in the report. They are seen as crucial for achieving the United Nations Sustainable Development Goals (SDGs). The report concludes that advancing the collaborative public-private data life cycle will enable faster decision-making during humanitarian crises, better insights of SDGs indicators and help solve global health and poverty challenges.​

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The impact of the Internet on businesses and the global economy has been crucial in shaping new economic models, and at the same time, raising new concerns.

The Internet is one of the primary drivers of economic growth, which is visible in many countries that have placed the development of ICT as one of the primary tools for boosting the economy.

The concept of global public goods can be linked to many aspects of Internet governance. The most direct connections are found in areas of access to the Internet infrastructure, protection of knowledge developed through Internet interaction, protection of public technical standards, and access to online education.

 

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