Briefing paper

Standards for the digital economy: creating an architecture for data collection, access and analytics

Digital economy Big data Data collection Data protection Data analytics Regulatory standards Regulatory instruments
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Standards for the digital economy 353.73 KB

Key points:

  • Canadian industry and thought leaders view digitization as a way to enhance the competitiveness of the economy; digitization can also improve the delivery of services such as health care.
  • In order to achieve this vision, new data value chains are needed.
  • Data value chains would allow participants in existing supply chains to share data, gain new insights, solve problems and become more efficient.
  • Standards are required to clarify the roles and responsibilities of participants in data value chains regarding data collection and grading, data access and sharing, as well as data analytics and solutions.
  • Standards are also necessary to achieve interoperability and set appropriate benchmarks regarding data governance — both necessary preconditions for data sharing between organizations
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CIGI Policy Brief No. 155