Restoring confidence in the digital age of rapid innovation
I will be sharing more interesting stories and if you are new to medium suggest you to go for medium membership. It’s just 1$ per week and you can gain unlimited access to stories. Your membership supports other writers including you and as you can earn from the medium partner programme.
Click here to access to unlimited reading on medium
Is this the apex of innovation?
It has been suggested that we are currently living in the “Golden Age of Innovation.” While it is indisputably true that the rate of technological progress is greater than ever before, the picture is not always as bright as some would have it, from available new digital technologies to the data that powers them.
Unsurprisingly, the Digital Age of Accelerated Innovation presents both benefits and problems, and nowhere is this more evident than in the realm of data. On the one hand, data offers the ability to address some of our most important societal issues, such as the pandemic, poverty, and climate change. However, that data can only be used successfully if Individuals and organizations should trust the entities in charge of handling it rather than be concerned that their privacy and well-being may be jeopardized without their knowledge or agreement. This is where the difficulties lay.
Where do we stand in terms of trust?
Many groups, like the World Economic Forum, warn that “declining trust, triggered by concern about how certain businesses are exploiting digital technology, may undercut the societal benefits of digitalization.” No one can dispute that new inventive technologies have resulted in a surge of data breaches, tech sector scandals, an increase in cyberattacks, and a general lack of openness surrounding the use of personal data. Whether the facts support it or not, every new request for personal data is accompanied by a widespread sense of unease.