Big Data Ownership: Do we Need a New Regulatory Framework?

Abstract

Big data is the new oil – but who has the right to own it? Is the owner the creator of the individual data or the owners of data processing systems which add value to the mass of data – or should the information be shared for free with state institutions, for example, with the goal of limiting the amounts of traffic accidents in the city? This is one of the debates of our time. However, it seems that current frameworks, whether regarding ip law or trade secrets regulations, do not provide sufficient answers. Problems also arise with the offer of contractual relationships or licensing. That initiates the thought that a new type of regulation might be needed.