Solve this challenge
Introduction How do we promote data-driven innovation in the digital age? Combining diverse datasets to generate data-driven insights has propelled innovation across almost every industry in recent decades. State-of-the-art artificial intelligence can utilize complex datasets within a company-i.e. Google Fit and Google Music- to develop algorithms that determine the best music for any particular activity. In finance, machine learning algorithms can utilize complex financial datasets to identify market inefficiencies and leverage hidden relationships across financial sectors. In medical technology, genetic data can drive new discoveries, inventions, and cures. Across every industry, data has become so integral to the global economy that the Economist deemed it as "the world's most valuable resource" Along with the General Data Protection Regulation, which took effect earlier this year consumers need to know who collects their information and what's being collected, while also giving them the ability to remove their personal data from a company. The right to data privacy is recognized as an important civic right. At HPAIR Asia Conference 2018 Kuala Lumpur, we are excited to partner with JDCloud to present the following challenge for our delegates. Participants will be given the challenge to play a CO role in a giant tech company to come up with an interesting solution/idea together with others. Each group of participants will have the opportunity to design a new business model incorporating with data-driven innovation and solutions to address the data protection issue. GDPR (General Data Protection Regulation) What is the GDPR?2 As the economy becomes more digitized, companies increasingly manage large data sets and use them to conduct business. These data sets often include critical-and sensitive-personal data about individuals, both customers and employees, gathered in the course of doing business. Companies also acquire data from other sources, such as social media and Internet sites or specialized companies, to understand consumer behavior and find new ways to target customers. Companies such as banks, retailers, telecom operators, and other consumer-facing The Economist. May 6 2017. "The world's most valuable resource is no longer oil, but data https://www Mikkelsen, Daniel, et al. McKinsey& Company. The EU data-protection regulation-compliance burden or foundation for digitization? https://www.mckinsey.com/business-functions/risk/our-insights/the-eu-data