The dynamic change in one decade from oil polarized economy to digital dominance, Mr. Kapoor chose to paraphrase the headline from The Economist “Data is the new oil”. With this new oil, new refineries and safety mechanisms need to be established. Privacy being the primary concern, Indian supreme court is negotiating on the terms to be followed. The shift from national identity to an online identity matching the current paradigm deals with huge chunks of data registering more meaningful information. He exemplified this impact through Cambridge Analytica’s work in the Brexit and Mr. Donald Trump’s campaign.
Talking about the abundance of dynamic data and agile environment, Mr. Kapoor threw light upon the need to collaborate and realize various alliances to uplift the new digital economy. Further, keeping in line all the business strategies and models, various checks which shall be taken care of were talked about likes of which are, Terms and termination, warranties and disclaimers, the geographic limitations etc.
The session ended with a Q&A round and was filled with extensive questions to which Mr. Sachin Kapoor gladly offered insights and registered new curiosities and interests in the students.
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