Big Data Market Segment LS
Big Data Market Segment RS
Monday, 16 July 2018 09:25

ACCC says consumer data rights to be implemented soon Featured

By
ACCC chair Rod Sims. ACCC chair Rod Sims.

Australians will be able to safely share their personal data with trusted service providers once consumer data rights (CDRs) become a reality, the ACCC chair Rod Sims says.

Sims was addressing the Consumer Policy Research Centre’s Consumer Data Conference in Melbourne on Monday.

He said the consumer watchdog would have the lead role in the making of rules, consumer education and enforcement of CDRs.

“The consumer data right is essentially a data portability right,” Sims said.

“We believe it will enable consumers to actually benefit greatly from the data that businesses already hold about them.”

He cited the example of banking, the first industry to be designated under the CDR, and explained how existing customer data held by banks could benefit home-owners.

“It is often difficult and costly for borrowers to compare the offers of mortgage providers,” Sims said.

Under the CDR, “banks will make some data, such as customers’ transaction details, available to the customer or the customer’s chosen data recipient".

“Consumer data rights will reduce the cost to borrowers of discovering and comparing offers.”

Sims said privacy and security would be paramount when developing the concept of the CDR, adding that the ACCC would co-ordinate with the Office of the Australian Information Commissioner on privacy.

“Robust privacy protection and information security will be a core feature of the CDR,” he said.

The data “can only be accessed by trusted parties who have the customer’s consent to access their data.”

Sims said the ACCC had created a dedicated Consumer Data Right Branch and work was underway with a framework paper on the data rules expected for public consultation in August.

“We will also conduct consultation work with consumers and businesses,” he said.


Subscribe to ITWIRE UPDATE Newsletter here

Now’s the Time for 400G Migration

The optical fibre community is anxiously awaiting the benefits that 400G capacity per wavelength will bring to existing and future fibre optic networks.

Nearly every business wants to leverage the latest in digital offerings to remain competitive in their respective markets and to provide support for fast and ever-increasing demands for data capacity. 400G is the answer.

Initial challenges are associated with supporting such project and upgrades to fulfil the promise of higher-capacity transport.

The foundation of optical networking infrastructure includes coherent optical transceivers and digital signal processing (DSP), mux/demux, ROADM, and optical amplifiers, all of which must be able to support 400G capacity.

With today’s proprietary power-hungry and high cost transceivers and DSP, how is migration to 400G networks going to be a viable option?

PacketLight's next-generation standardised solutions may be the answer. Click below to read the full article.

CLICK HERE!

WEBINAR PROMOTION ON ITWIRE: It's all about webinars

These days our customers Advertising & Marketing campaigns are mainly focussed on webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://www.itwire.com/itwire-update.html and Promotional News & Editorial.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

We have a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you.

MORE INFO HERE!

BACK TO HOME PAGE
Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments