According to a new report from The Star, former co-CEO of Blackberry Jim Balsillie claims that the Canadian government should start taking control of data that is created by institutions in the country.
“This data is collected by unregulated digital infrastructures that power increasing aspects of our country. Data flows have transformed how businesses do commerce and people connect globally, making data the most valuable asset in today’s economy.”
There is no doubt that data is the most powerful tool we have in society today. Balsillie says that it is critical for Canada to design and implement a National Data Strategy to protect this data.
In a statement, the United States Department of Commerce recently said that “we may be underestimating the economic significance of data flows.” A lot of this data is collected by Google, to whom Waterfront Toronto recently gave the keys to the most valuable space in Toronto.
“Governments can and should ensure that citizens control the data they and their institutions create. This is why Canada must move quickly to begin developing a National Data Strategy.”
Balsillie said that if the government controls the data it can be used to stop the “psychological manipulation of citizens” and aid to maintain national security.
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