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MadHATTERs New York: The 7 Trillion Dollar Secret Economy

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Gabelli School of Business McNally Amphitheatre

140 West 62 Street

New York, NY 10023

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The 7 Trillion Dollar Secret Economy

From Organization-Controlled to Person-Controlled Data

Co-hosted by the Gabelli School of Business and the HAT Community Foundation International


Our personal data is being held hostage by corporations.


It’s not really their fault. (They don’t know any better). But ever since we started needing the Internet every minute of every day for every part of entire lives, it’s become something we’ve started to take notice of.


You see, the Internet is like air, these days. It’s everywhere, and we need it for just about everything. But while there are elected governments delivering us clean air (or trying), the people delivering us the Internet are businesses.


And they are exacting from us a $7 Trillion fee for doing so. That’s what our personal data could be worth, even when it’s barely-secure, split across dozens of apps and websites, and badly misunderstood.


Fundamentally, there is nothing wrong with this. If you want nice things like the Internet sometimes you have to pay for them.


But we protect ourselves from predatory governments with elections. We protect ourselves from predatory offline businesses with anti-trust and consumer advocacy. We need to start protecting ourselves from a predatory digital economy.


It all begins with digital empowerment. We need to start to recognize that our online personas are real, valuable, and important, and we need to start looking after them.


Let’s talk about how.


Professor Irene Ng is a Director at the University of Warwick and Wolfson College Fellow at the University of Cambridge. An academic and an entrepreneur, she was the Founder and CEO of SA Tours and Travel and Empress Cruise Lines, which she exited in 1996. Irene is now the Founder and Chairman of the Hub of All Things (HAT) Foundation (http://hubofallthings.com) personal data Internet platform, and advises several organisations, startups, and governments on the design of markets, economic, and business models as an EPSRC/Innovate UK Caucus Thought Leader, an ESRC/AIM Services Fellow, and the ESRC/NIHR Fellow.

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Gabelli School of Business McNally Amphitheatre

140 West 62 Street

New York, NY 10023

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