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Research prospect: data factor of production

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Research prospect: data factor of productionIn 2012, a book named Big Data: A revolution that will transform how we live, work and think was published, setting off a wave of "big data" sweeping the world.Communities have been talking about big data and its related technologies, which have brought or will bring profound changes to human economy, society, politics and thoughts.Right now, big data has been used by governments, companies and individuals all around the world, and its popularity continues to grow nearly ten years after the publication of the book.Big data is also widely used in the area of government governance.Government in various countries and regions have carried out digital transformation, and gradually formed a public management and service mechanism of "decision-making, management and service with data".The capability of data governance has become the main evaluation criterion for the modernization of governance capability.In company operation, big data analysis has gradually changed from a trendy and clout-chasing cutting-edge practice to the prerequisite for the survival and development of companies.Correspondingly, data analysts, AI trainers and other relevant highly skilled talents have gradually become hotcakes in the job market.In addition to the government and firm level, personalized recommendation based on big data has become the standard configuration of most e-commerce platforms in the choice of personal consumption.However, price discrimination based on big data against existing customers has also become a key issue in consumers' rights protection.During his presidency, former US President Barack Obama attached great importance to the social scene of data and network response.In March 2012, the Obama administration announced the "Big Data Research and Development Initiative" and set up a start-up fund of $200 million to enhance the ability of collecting, analyzing and extracting knowledge from massive data, so as to accelerate the pace of American invention in the field of science and engineering, to enhance national security and to change the existing teaching and learning modes.On the basis of the Computer Data Protection Law formulated in 1995, the EU issued the General Data Protection Regulation (GDPR) in May 2018 to regulate the use of personal information and sensitive data by Internet and big data companies.In addition, the EU also released A European Strategy for Data in February 2020 to explore the possibility and potential for growth of the EU as a data union.The Chinese government also promulgated The Data Security Law of The People's Republic of China (Draft) on July 3, 2020 and solicited public opinions throughout the country.The draft proposes that the state will implement hierarchical and classified protection of data, and data activities must fulfill the obligation of data security protection and undertake social responsibility.It can be seen from the introduction that all major economies around the world are making effort to work out a successful plan regarding the valuable resource of data.The above series JIDE 1,1 64

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Xiang Xu (2021). Research prospect: data factor of production. Journal of Internet and Digital Economics, 1(1), 64–71. https://doi.org/10.1108/jide-09-2021-005

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Xu, X. (2021). Research prospect: data factor of production. Journal of Internet and Digital Economics, 1(1), 64–71. https://doi.org/10.1108/jide-09-2021-005
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