Competition Law and 'Big Data': What Does It Mean for Data to Be 'Big'?
Free Public Lecture
Woodward Centre Conference Room, Level 10
Melbourne Law School
185 Pelham Street
T: (03) 8344 5284
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Professor Christopher Yoo, a world authority on the intersection of law and technology, will deliver a keynote address on the question: “Competition Law and Big Data: What does it mean for data to be ‘big’”. The address will be followed by a discussion of a panel of experts from the ACCC, government, business and the legal profession on Australia’s Consumer Data Right.
Competition enforcement authorities around the world are paying increasing attention to large providers of internet-based services. In particular, these authorities are focusing on the potential challenges posed by big data, an approach that would focus less on these companies’ positions in the markets in which they provide services to consumers and more on the amount of consumer information they are able to obtain and control.
Unfortunately, 'big data' is often used simply as a buzzword without any nuance or analysis. This lecture will provide greater insight into what it means for data to be 'big' by providing an overview of how predictive analytics uses data, surveying the empirical literature on scale economies in data, and examining the importance of attributes of data other than size. It will explore the impact of how different business models use data as well as the key analytical steps needed to determine the relationship between big data and consumer welfare.
Building on Professor Yoo’s address, the panel discussion will focus on current developments around the world that involve regulating for greater data access and portability as a pro-competition reform. As a tool increasingly seen as important in empowering consumers, reducing entry barriers and spurring innovation, Australia’s Consumer Data Right is at the forefront of these developments. The panel will reflect on the rationale for and process of designing this regulation and its implications from business, consumer and technological perspectives.
Pre-event reception from 5.00pm. Lecture and panel discussion from 5.30pm. Event concludes by 7.45pm.
The Law School gratefully acknowledges the sponsorship of Ashurst, DIGI, HoustonKemp Economists and Melbourne Business School for this year’s event.