Monetizing Data: Seizing Opportunities, Managing Risk

Presented on Wednesday, September 28, 2016

  • Materials:
  • Monetizing Data – Seizing Opportunities, Managing Risk

    • Speakers:
    • Arun Bauri, Strategic Policy and Research Analyst at the Office of the Privacy Commissioner (OPC)
    • Donald Houston, Partner, McCarthy Tétrault
    • Kirsten Thompson, Partner, McCarthy Tétrault
  • About this program:
  • Collect all the data. Store all the data. Once you've got a massive reservoir of data, you'll be able to answer all the questions the business wants to ask, right? Bonus: Anonymize the data, package it all and sell it (or insights from it), thereby driving revenue and leapfrogging over the competition.

    Not so fast. Monetizing that data may well be the right decision for your company, but that same data can be a significant liability from a legal, regulatory and security perspective.

    Are you really ready to become a data-driven company? Have you worked out your data strategy? Are your legal documents (contracts, privacy policies, terms of use, etc.) aligned with your data strategy? Join us for this informative session as we discuss these hot button topics:

    - Of course I own the data: Do you really? Are you getting it from a company with which you contract? Are there restrictions on how you can use that data? Do you have the legal authority to do with it what you want?

    - Big Data can equal big risk: Big Data is all about getting more information, while privacy and cybersecurity are about reducing risk through reducing information. Is there a happy medium?

    - Meet the regulators…all of them: While misuse of personal information will still attract the attention of the

    Privacy Commissioner (with fines and mandatory breach notification coming soon), data use has also caught the eye of other regulators: telecommunications bodies, competition agencies, consumer protection organizations, etc. How familiar are you with your new friends and their rules?


    This program qualifies for up to 1.5 hour of eligible educational activity or CPD/MCE credit under the mandatory education regimes in British Columbia, Ontario and Québec.