Oil is the largest traded commodity by value; the black substance that defined the world economy in many ways for the last century may be transplanted by a new strategic driver: data.
Vast amounts of data are being generated daily- more than 1.7MB per person per second, according to a recent report by Domo, a cloud-based solution provider. Business models have been built around data exploitation, and algorithms are developed and refined as more data are generated. However, unlike oil, data can be difficult to trade and price. Moreover, there are sticky legal, regulatory and ethical issues associated with their usage.
Join us as we invite Prof Ariel Ezrachi and Prof Maurice Stucke to unpack the risks and opportunities in a data-fuelled marketplace. During the session we'll explore the data economy and the competition law required to guard against marketplace power and abuse.
Herman Warren is The Economist Corporate Network’s Network Director for Africa. Herman works with corporate clients to provide insight and analysis on a range of topics related to the broad and specific African context, helping clients to prosper in one of the world's fastest growing and most dynamic economic zones. He regularly chairs and moderates events and delivers custom briefings to senior executives. Herman is the author of a number of white papers on infrastructure, financial and commercial developments in the region. Herman has previously worked as a management consultant with Bain & Company, started and run a successful mobile technology company and has held senior posts in both public- and private-sector corporations. Herman holds a BBA degree in Finance from Howard University.
Slaughter and May Professor of Competition Law at University of Oxford
Ariel Ezrachi is the Slaughter and May Professor of Competition Law at the University of Oxford and the Director of the University of Oxford Centre for Competition Law and Policy. He is the co-editor-in-chief of the Journal of Antitrust Enforcement (OUP) and the author, co-author and editor of numerous books, including Competition Overdose (2020 harper Collins), Virtual Competition (2016, Harvard) and EU Competition Law, An Analytical Guide to the Leading Cases (6th ed, 2018, Hart). Professor Ezrachi’s research and commentary have been featured in The Economist, The New Yorker, Wall Street Journal, Financial Times, The Guardian, Nikkei, Politico, WIRED, BBC and other international outlets.
Maurice E. Stucke is the Douglas A. Blaze Distinguished Professor of Law at the University of Tennessee. With 25 years experience handling a range of policy issues in both private practice and as a prosecutor at the U.S. Department of Justice, he advises governments, law firms, consumer groups, and multi-national firms on competition and privacy issues. He has testified before, and provided expert reports for, multiple governments and inter-governmental agencies, including the European Commission, United Nations, OECD, and World Bank. He co-authored three books, Competition Overdose: How Free Market Mythology Transformed Us From Citizen Kings to Market Servants (HarperCollins 2020); Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy (Harvard University Press 2016) and Big Data and Competition Policy (Oxford University Press 2016). He has been quoted, and his research has been featured, in numerous media outlets.