Blog posts by Anne Bailey

Blog

AI Regulation Proposed by EU Commission Walks Fine Line between Prohibition and Innovation Empowerment, with Limited Success

On April 21, 2021, the European Commission proposed a legal framework for Artificial Intelligence that covers all AI systems that impact natural persons within the European Union, regardless of whether they are operated from within or outside the EU. Main goals There are a few stated goals that create the foundation for this proposed regulation. First is that AI systems must be safe and must respect the fundamental rights and values of the European Union. This must be true not only for the outcomes of AI systems, but for the entire value chain of AI development. The commission...

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The Future of Exchanging Value

The European Central Bank (ECB) is exploring a digital euro. Early October 2020, the ECB Governing Council released a whitepaper discussing its initial research on such a project. One of the ECB’s clearest and most repeated messages is that a digital euro will not replace cash, but complement it. A digital euro is meant to facilitate electronic payments, while cash would remain a valid form of payment and the primary form of value storage. The European Central Bank’s Exploration of a Digital Euro This exploratory paper comes as a direct result of a digitalized economy...

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Azure AD Verifiable Credentials Entering Public Preview

Microsoft announced on April 5, 2020 that its Azure AD Verifiable Credentials is now in public preview. This solution enables organizations to design and issue verifiable credentials to their users, be it enterprises issuing employment credentials to their employees, universities enrolling students or issuing diplomas, governments issuing passports, ID cards, and countless other uses. This is an exciting step to meaningfully give agency back to individuals to securely hold and exchange their identity data online and in the physical world. Decentralized Identifiers (DIDs) are a...

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OneTrust Acquisition of Convercent

OneTrust, provider of data privacy, security, and governance solutions has announced that it will acquire Convercent, an enterprise GRC solution with an ethics and compliance portal. Slotting itself as a strategic acquisition, the two companies will be aligning and merging their products to actualize trust for the enterprise. The deal is intended to be finalized in mid-April. Expanding the ways to build trust Building trust is a multifaceted task that encompasses the relationships an organization has with all stakeholders. OneTrust works with a trust framework where establishing...

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Privacy Seekers Are Really Looking for Life Management Platforms

Privacy-sensitive users are drawn to solutions with certain features: end-to-end encryption, granular consent, data ownership, and secure storage. But what is it that privacy can really do for users, and is there a non-exploitative business model in it for companies? KuppingerCole envisioned Life Management Platforms back in 2012 as the pathway to individual data sovereignty. Data sovereignty is incrementally being introduced as a right of individuals, with principles being introduced in the European GDPR, the Canadian PIPEDA, the CCPA, and others. While these regulations manage the...

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New Developments in European AI Regulation

The world is caught between high expectations, futuristic fears, and non-legally binding recommendations on how to proceed with AI development and management. This means that although technologies are advancing and that many use cases are being proven effective to support enterprise data management, security, interactions with customers, and many more customized solutions per industry, most organizations are hesitant to board the AI train. For many, they do not feel they have enough guidance to launch a future-proof AI project. For the moment, all we have is a growing collection of AI...

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AI-Powered Data for All – Informatica's Acquisition of GreenBay Technologies

Informatica has just announced that they have made another acquisition this summer: GreenBay Technologies, a startup focused on AI and machine learning. Read about their July 2020 acquisition here . GreenBay Technologies brings CloudMatcher to Informatica’s Intelligent Data Platform (IDP). CloudMatcher uses machine learning to automate entity matching and schema matching tasks with high accuracy. This impacts several key data management capabilities such as master data management, data cataloging, data quality, governance, and data integration. This acquisition adds to the...

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Decentralized Identity Could Become a Reality, but Blockchain May Not Be a Part of It

Decentralized Identity is a concept that may not be mainstream yet, but it is a term that embodies the sentiment that many individuals feel regarding the control they wish they had over their personal data. The public has become increasingly more vocal about the misuse of their data, and global regulation has responded to this outcry with the GDPR, CCPA, ePrivacy Directive, and more. While this grants some control over some aspects of user data, there is an assumption that underpins these privacy regulations: that personal data can be held and used by an entity other than the owner....

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Imagining Future Regulations on AI – Similarities to the GDPR?

There are ongoing discussions from high-level expert groups from the EU Commission about what regulation of Artificial Intelligence – particularly the algorithms that process data – will look like. There is a high priority to not only create alignment with the GDPR but to add flexibility for future advancements so that a baseline level of data protection is always provided, even as new AI applications are implemented. There are many elements of the GDPR that are particularly worth looking closer at regarding algorithmic models for recommendations, predictions, and...

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A Reckoning with Facial Recognition Technology and Responsibility

Several major players in the facial recognition market – IBM, Amazon, and Microsoft – have halted all sales of facial recognition technology (FRT) to police departments in the United States. Each of these companies made a statement regarding technology’s relationship to public safety. IBM CEO Arvind Kirshna sent an open letter to several US Senators and House Representatives, stating “IBM no longer offers general purpose IBM facial recognition or analysis software. IBM firmly opposes and will not condone uses of any technology…for mass surveillance,...


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