Data, Privacy and Innovation reposted this
Day 2 of #PDPWeek2024 was marked by the commencement of the Privacy-Enhancing Technology (PET) Summit Asia-Pacific 2024 with IMDA Chief Executive, Chuen Hong Lew, setting the stage with an opening address, sharing his views on the transformative potential of PETs in unlocking the full value of data while ensuring the protection of personal and commercially sensitive information. Sharing some use cases from the IMDA PET Sandbox, he explained how some businesses have already benefitted through the use of PETs. Banks are leveraging automated systems for data classification and obfuscation to comply with banking laws, avoid suspicion, and expedite #AI model training. Privacy-enhancing AI such as federated learning is also being used to improve the accuracy of customer response predictions and increase its customer engagement with its digital wallet function and their rewards programme. Despite the current hype around #GenAI, he stressed the importance of investing in foundational tools for long-term benefits. Effective management of confidential data involves the use of synthetic data and PETs. Expansion of the PET Sandbox, as announced by Minister Josephine Teo yesterday, can help to unlock more data for generative AI use cases, and address confidential data related risks largely across input and output data. We warmly invite industry to propose use cases for collaboration under this expansion. 🔗 For more information, visit https://lnkd.in/grEuN8fx #PDPCSingapore #PDPA
