17 Oct 2018 15:30

MegaFon, Mail.ru, Yandex, Tinkoff Bank found Big Data association

MOSCOW. Oct 17 (Interfax) - MegaFon , Mail.Ru Group, Yandex , Tinkoff Bank and oneFactor have formed the Association of Big Data Market Participants, MegaFon said in a press release.

MegaFon COO Anna Serebryanikova has been appointed president of the association.

"We are creating a self-regulated organization whose activity will be based on the general principles of the inviolability of private life, the confidentiality of personal information, and the right to anonymity and control over the use of personalized data. Creation of a safe big data space will help to form new markets and innovative products," Serebryanikova is quoted as saying.

The participants in the association plan to draw up a business oriented strategy for developing the big data market, work out unified principles and standards for the processing, storage, transmission and use of big data.

MegaFon estimates that the volume of the big data market may reach 500 billion-800 billion rubles over the course of five years. The overall economic effect from big data use and processing may reach 0.5%-1.5% of Russian GDP in the medium-term outlook.

The newspaper Kommersant reported that telecom operators and internet companies were planning to create a self-regulated organization in the big data area back in April 2017. Last August, Vedomosti reported that the participants in the new association might include Sberbank , Gazprombank and Rostelecom .

The MegaFon statement said that Gazprombank would be one of the first to join the new association, saying the bank's board of directors approved participation in the association at an October 10 meeting.

A Gazprombank spokesman declined to comment on the issue. Sberbank also declined to provide comment to Interfax.

"We are considering possible participation in the association, but a final decision has not been made yet," a Rostelecom spokesman said.

Deputy Prime Minister Maxim Akimov has said big data should not be an object for monetization by individual companies and that all market participants should have nondiscriminatory access. Speaking at the Open Innovations forum, Akimov said the regulation of data generated through the use of various electronic services is currently the subject of a broad public discussion. "Without a doubt, if we succeed in resolving this task, trust in the digital environment and reliability will substantially increase," he said.