How do we effectively balance innovation and privacy in the digital age? Tim Berners Lee once noted: ‘It is difficult to imagine the power that you’re going to have when so many different sorts of data are available.’ In the age in which data has been coined the new oil of the digital economy, fundamentally driving innovation and economic growth, nothing seems to be more true. While the economic benefits abound, however, the mass-exploitation of data – in particular personal data – for these purposes may be at odds with existing privacy expectations, bringing about complex challenges for individuals, groups and societies as a whole. In this sense, tension can be identified between innovations that rely on the use of data – on the one hand – and the protection of (consumer) privacy – on the other hand. Although governments across the globe have been prompted to address some of the major economic and societal challenges and risks associated with large-scale data-processing activities by businesses in order to benefit from the potential of DDI to the fullest extent possible and assure that its benefits apply to all citizens, the legislation that is often the result of such efforts may not be enough. This episode sheds light on the challenge of balancing innovation and privacy in the digital age, and the opportunities that may hide within it. Bart Voorn and Pim Nauts discovered and built upon such an opportunity, eventually leading them to establish STRM Privacy. STRM Privacy helps organisations to structure their privacy operations, decrease cost and risk and increase their development speed. As such, their mission is to drive secure and privacy-safe data innovation. For more information about the company, check out their website: https://strmprivacy.io/b/. STRM Privacy is currently looking for new faces to join their team and contribute to the realisation of their mission. Want to know more? Check out their website: https://strmprivacy.io/about/ or https://join.strm.team/. Want to know more? Take a listen to the podcast episode on Youtube or on your podcast platform of preference! LISTEN TO THE PODCAST Apple Podcasts: https://apple.co/3ybnqdc Spotify: https://spoti.fi/3n8prjW Google Podcasts: https://bit.ly/3ec0H6U ABOUT THE LAW OF TECH The Law of Tech is an online platform that aims to equip (aspiring) legal professionals with the knowledge and insights necessary to understand the ongoing technology-driven transformation of the law, legal profession, and legal industry. It thereby aims to build a well-informed community of future-proof legal professionals who are ready to face and take on the enormous challenges and exciting opportunities at the intersection of law and digital technologies. CONNECT WITH THE LAW OF TECH Website: www.thelawoftech.com Linkedin: https://www.linkedin.com/company/the-... Twitter: https://twitter.com/thelawoftech Email: thelawoftech@gmail.com #law #technology #lawstudents #entrepreneurship #legaltech #digital #lawschool #legalcareers