Name: Insights: IBM's CEO Wants 'Precision Regulation for Big Data
Uploaded: 2020-02-06
Duration: 2 min 35 s
Description: Ginni Rometty spoke at CEO Initiative 2019.

[MUSIC PLAYING] I do think for consumer privacy, there does need to be some regulation about what are your rights and the right to be forgotten, to know what is there, et cetera. That has to get done. I then think from a liability perspective, is precision. Because one of my greatest fears about all the regulation talk is-- and I got into this quite a lot in Europe as they were going through. And I think they moved their way through this, is that you could completely derail a digital economy. Unintended consequences very easily on these topics, just like people conflate consumer and business process data moving around. And so but I do think-- that's why I call it precision regulation. And I think from a liability perspective, things like unlawful material, et cetera, you should be held liable. And this gets back to it. Let me just-- because there is a story I think that's worth telling on this and about the role we each have. Senator Portman, there is the SESTA Bill, the child sex trafficking bill. For a very long time, he was trying to get this bill passed in our country. And it said that if you knowingly-- and I want to take a poll-- if you knowingly hosted child sex trafficking, you are liable. So if I asked you that, if you knowingly hosted it, do you think you should be liable? Raise your hand. Yeah. You hands went up very quickly. Mine, too. Because the question was if I knowingly did it. If I knowingly did it, I'm like, yes, of course. But there are many who did not believe that was true, by the way. Didn't believe it should-- No. They said, no, no, I'm just-- I mean, I cannot be held. But they said, no, no, you knowingly know this. So I think now this regulation comes because OK, I have got to be-- some of this is you have a responsibility. We have a responsibility in this era, right? Now this is an ethics question. Because I'm saying I have determined I think child sex trafficking is a bad thing when I'm saying this. And so that point I think that regulations should be there for things like that, that is against the law, but we shouldn't have to fight about that. That should be very clear, those kinds of things. And so therefore my regulation would be on consumer protection, privacy, and then unlawful activities, all right, would be my precision regulation. 

Insights: IBM's CEO Wants 'Precision Regulation for Big Data

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Ginni Rometty spoke at CEO Initiative 2019.

IBM's CEO Wants 'Precision Regulation for Big Data

I do think for consumer privacy there does need to be some regulation about, you know, what are your rights and the right to be forgotten to know what is there etcetera that has to get done. I then think from a liability perspective is precision. Because when my greatest fears about all the regulation talk is and I got into this quite a lot in Europe as they were going through, and I think they move their way through this is that you could completely derail a digital economy. Unintended consequences very easily on these topics, just like people conflict, consumer in business process data moving around. And so But I do think I'm deaf. I call it precision Regulation, and I think from a liability perspective, things like, you know, unlawful material, et cetera. You should be held liable, and but this gets back to it. Let me let me just because there is a story, I think it's worth telling on this about the role we each have. Um, Senator Portman. There's the test a bill, the child sex trafficking bill for a very long time. He was trying to get this bill passed in our country And it said that if you knowingly and I won't take a poll, if you knowingly hosted child sex trafficking, you were liable. So if I asked you that if you knowingly hosted it, do you think you should be liable? Raise your hand? Yeah. You hands when a very quickly Mine, too. Because the question was if I knowingly did it if I knowingly did it, I'm like, yes, of course. But there are many who did not believe that was true. By the way, I didn't believe it should know. They said no. No, I met him. Just some pipe means I cannot be held. But this normally you knowingly know this. So I think this now this regulation comes because Okay, I have got to be some of this is you. You have a responsibility. We have a responsibility in this era right now. This is an ethics question, right? Cause I'm thinks I have determined I think child sex trafficking because a bad thing when I saying this And so that point, I think that regulations should be there for things like that. That is against a lot. But you know, you we shouldn't have to fight about that. That should be very clear, those kinds of things. And so therefore my regulation being consumer protection, privacy and then unlawful activities right would be in my precision regulation.