Archive for the ‘Global Markets’ Category

Update: Trade Policy Forum Meeting in India

posted by in Global Markets, Intellectual Property October 21, 2016

Intellectual property protection is crucial for software innovation. It encourages research and development that creates jobs in the US and around the world. That is why BSA is so pleased that USTR prioritized trade secret and patent protection in its Trade Policy Forum (TPF) discussions with India this week. TPF is an important bilateral dialogue to promote policies targeted at advancing trade between both countries. As such, it is encouraging that the impact of IP on digital trade and job creation was reflected on the agenda of yesterday’s meeting. BSA has been working with both the US and Indian government to help inform TPF discussions and provide the perspective of the software industry.

We appreciate that the US and India included a dialogue focused on the importance of protecting trade secrets. Trade secrets are a critical tool for the innovation economy because they enable software companies to protect their hard-earned research and development and thus, continue to foster innovation. BSA supported passage in the US of the Defend Trade Secrets Act (DTSA), and we are pleased that the importance of civil and criminal trade secret protection was discussed at the event. Other positive outcomes of the meeting include commitments to support liberalization in the IT services area and to promote the digital economy.
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Progress in Building Trust in Trans-Atlantic Data Flows

posted by in Data, Global Markets, Privacy February 11, 2016

Last night, the US House passed the Senate-amended version of the Judicial Redress Act, now headed to President Obama for signature. Progress on this front matters. This needed legislation will form a critical part of a stable and trustworthy structure for free flow of data across borders – so essential for economic growth in our digital economy.

Following last week’s agreement between the United States and European Union on the Privacy Shield, a successor to the Safe Harbor Framework as a mechanism for protecting the flow of personal information in the commercial context, enactment of the Judicial Redress Act will further harmonize US and European privacy protections as well.

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What’s the Big Deal With Data?

Plenty, according to new report from BSA | The Software Alliance

We are generating more data today than ever before – and it’s improving everything from healthcare and auto safety to education and air travel. More than 90 percent of the world’s data was created in the last two years, and we now are doubling the amount of data created every two years. Once constrained by storage capacity, there is now expected to be enough data to stack 128-gigabyte tablets from Earth to the moon 6.6 times by the end of the decade, according to a 2014 EMC Digital Universe study.

Now, our biggest challenge is figuring out what to do with all of this information and how to leverage it – and that’s where software comes into play.

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How Software Will Transform Global Society: Lifting the Developing World

posted by in Data, Global Markets, Industry September 14, 2015

Enormous changes enabled by software will help millions of people in the developing world live healthier lives, bring new ideas to life, and participate in the global economy.

Last year, the World Economic Forum established the Global Agenda Council (GAC) on the Future of Software and Society. Our mission is to help society navigate the huge societal shifts coming from software technology, both positive and negative. As part of that effort, in March, we conducted a survey to gather views and provoke discussion on some of the transformations occurring in society as a result of software. We asked a wide range of entrepreneurs, experts, and government officials for their views on when the adoption rate of specific technologies will reach a point that results in major societal impacts–everything from implantable mobile phones to robotic pharmacists to cities with no traffic lights. One outcome that emerged was exciting in its ability to directly impact millions of lives today: the potential of software to empower the developing world.

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Pick up the pace on a Transatlantic Trade and Investment Partnership

posted by in Global Markets February 5, 2015

EU and US negotiators have come to the table in Brussels this week to continue discussions on a Transatlantic Trade and Investment Partnership (TTIP).

No one ever said negotiating trade agreements was easy. But if these two countries act now, the benefits will be far reaching.

TTIP was envisioned as an ambitious opportunity for the US and EU – two of the world’s most important economies – to simplify and grow trade and business opportunities between their two markets. One study commissioned by the European Commission projects that TTIP could result in an increase of €119 billion in EU GDP and €95 billion in the US, and increase global income by almost €100 billion by 2027. (more…)

Executive Survey Shows the Benefits of Data Innovation Across the Whole Economy

posted by in Data, Global Markets December 10, 2014

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There are pervasive myths and misconceptions about how data innovation is transforming the global economy, from the idea that it’s all about so-called “Big Data” (in fact, analyzing even small data sets can produce useful insights) to the false notion that all data is personal information (when discoveries are being made from data sources such as wind turbines, jet engines, financial markets, crop harvests, traffic patterns and energy consumption).

Today we released a new survey that sets right another such myth — that big tech companies and Silicon Valley start-ups are the main beneficiaries of data innovation. The reality is that data tools are catalysts for innovation and growth across the whole economy, and the benefits of that innovation and growth accrue to society as a whole. (more…)

Restoring Confidence in the Digital Economy

posted by in Data, Global Markets April 10, 2014

How do we restore trust and confidence in the underpinnings of the digital economy in the wake of unsettling disclosures about international surveillance practices?

That question is top of mind for policymakers in the US and European Union as they ponder the possibility of a grand, new transatlantic trade and investment partnership. As I noted in speeches this week in Brussels and Paris, getting the answer right will be critical if we are going to capture maximum benefit from the kinds of software innovations that are transforming everything from the way manufacturers manage their supply chains to the way doctors provide healthcare. (more…)

EU-US Summit Is an Opportunity to Re-Establish Trust in the Transatlantic Relationship

posted by in Global Markets March 26, 2014

Today’s EU-US Summit in Brussels, at which President Obama will join his European counterparts, Herman Van Rompuy, President of the European Council, and José Manuel Barroso, President of the European Commission, provides an important opportunity to reinforce EU-US economic ties. A strong transatlantic partnership will send a message to global markets that the greatest prospects for economic growth and development lie in keeping borders open to data flows and preventing mandates on where servers and other computing infrastructure are located.

The commercial relationship between Europe and the US is the most significant in the world. Yet events this past year have strained this bond, in particular revelations about US government access to data. As a result, some European policymakers have argued the EU should retreat from its strong economic ties with America, calling for suspension of the Safe Harbor mechanism that facilitates cross-border data flows, requesting servers to be located geographically within Europe, even pushing for European IT independence. (more…)

A Forward-Looking Trade Agenda for the Digital Economy

posted by in Cloud Computing, Global Markets January 30, 2014

The world now invests nearly $4 trillion a year on information and communications technologies. This is propelling rapid evolution in the global economy, transforming everything from the way manufacturers manage their supply chains and retailers serve their customers, to the way doctors provide healthcare and police monitor crime statistics to improve public safety.

But capturing the maximum possible benefit from all this innovation — to spur growth, create jobs and improve people’s quality of life — will require modernizing global trade rules to promote rather than inhibit international sales and exports of the kinds of products and services that are powered by software, cloud computing and data analytics.

With major trade negotiations now underway in the Atlantic and Pacific — plus separate multilateral talks progressing on services and IT products — we have a historic opportunity to enact such an agenda and drive long-term growth in the digital economy. That is the main conclusion of a new report from BSA | The Software Alliance, titled, “Powering the Digital Economy: A Trade Agenda to Drive Growth.”

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Transatlantic Data Flows: Shift the Focus to How—Not If

posted by in Cloud Computing, Data, Global Markets September 26, 2013

It comes as no surprise that conversations about data protection are dominating capitals around the world. Unfortunately, those conversations are being twisted in a way that confuses the issues at hand and threatens policies like the EU-US Safe Harbor Agreement that help deliver the benefits at the core of the digital economy.

This situation is the product of the collision of two related — but separate — realms of data privacy, commercial data privacy and government access to data. While nations are moving quickly to establish a policy framework for a global cloud computing network that will connect businesses and consumers to products, services, and markets around the world, this summer’s disclosures of national surveillance practices have significantly heightened user and government concerns about access to data generally. (more…)