Sandeep Goyal elected President of 'Forum For Ethical Use of Data'
FEUD has been formed in response to the current vitiated sentiment, both globally and in India, as a result of all the data leak controversies
Veteran ad man Sandeep Goyal, former Chairman of Dentsu India and ex-Group CEO of Zee Telefilms, recently took over as President of the Forum for Ethical Use of Data (FEUD) as some senior industry people came together to create a platform which will engender the right atmosphere and the right mindset sensitized to the ethical use of data.
Former Chairman of Vivaki Exchange and Zenith OptiMedia, Ambika Srivastava and Paulomi Dhawan, active office bearer of the Indian Society of Advertisers (ISA) with stints at Raymond and Rediffusion, assumed the positions of Vice Presidents. A full-time professional CEO will be named soon.
“The Forum for Ethical Use of Data (FEUD) has been formed in response to the current vitiated sentiment, both globally and in India, as a result of all the controversies like what is happening at Facebook today, and all the fears that are being voiced even on Aadhar,” says Sandeep Goyal.
“The Forum will bring together all interest groups and get them to discuss, debate and devise a viable way forward in the handling of data so that it stays confidential, it stays protected and its keepers stay trusted. In India there is yet a lot of work that needs to be done to ensure that data of all kinds is protected and secure so as not to compromise the privacy and confidentiality of customers. Far too many organizations have access to far too much data, but they are not investing enough to keep that data well protected. At the Forum we will provide help, knowledge, guidance and eventually certification to help organizations stay ethical with the use of data at their command,” he says.
The Forum for Ethical Use of Data (FEUD) will soon be inviting banks, credit card companies, insurance companies, telecom operators, airlines, hotels, retail entities, media agencies, digital agencies and all others who are repositories of big data to join the Forum. Even government organizations will be invited to become members of FEUD.
“We are plagued today by multiple issues in data protection and its ethical usage. For starters, most organizations are not even aware of who has access to, and who uses sensitive data within their own ecosystem. Compliance regulations and guidelines are extremely lax. No one even spends time cleaning up toxic data dumps. There are no investments to protect sensitive data appropriate to its value. At the Forum for Ethical Use of Data (FEUD), we will stimulate necessary awareness and action across organizations,” says Ambika Srivastava.
“Out sourcing data and allowing uninhibited access to vendors and partners can create unprecedented situations like in the case of Facebook. At Forum for Ethical Use of Data (FEUD) we will bring about risk assessment and security awareness programs that will instill both understanding and trust within our member organizations, and their customers in turn,” says Paulomi Dhawan.
“Sometimes organizations do not realize that retaining customer data beyond what is required or longer than when it is required can itself create problems. Data management in India needs a lot of thinking,” adds Dhawan.
The Forum will initially operate from Mumbai and Delhi. Efforts are already in progress to bring in a senior retired police officer as an adviser to the Forum. “In their own way, the music industry and the software industry which had massive issues of piracy achieved a lot of success through a combination of measures over the last two decades. Data is different but requires direct action if noticeable results are to follow,” adds Goyal.
Former Chairman of Vivaki Exchange and Zenith OptiMedia, Ambika Srivastava and Paulomi Dhawan, active office bearer of the Indian Society of Advertisers (ISA) with stints at Raymond and Rediffusion, assumed the positions of Vice Presidents. A full-time professional CEO will be named soon.
“The Forum for Ethical Use of Data (FEUD) has been formed in response to the current vitiated sentiment, both globally and in India, as a result of all the controversies like what is happening at Facebook today, and all the fears that are being voiced even on Aadhar,” says Sandeep Goyal.
“The Forum will bring together all interest groups and get them to discuss, debate and devise a viable way forward in the handling of data so that it stays confidential, it stays protected and its keepers stay trusted. In India there is yet a lot of work that needs to be done to ensure that data of all kinds is protected and secure so as not to compromise the privacy and confidentiality of customers. Far too many organizations have access to far too much data, but they are not investing enough to keep that data well protected. At the Forum we will provide help, knowledge, guidance and eventually certification to help organizations stay ethical with the use of data at their command,” he says.
The Forum for Ethical Use of Data (FEUD) will soon be inviting banks, credit card companies, insurance companies, telecom operators, airlines, hotels, retail entities, media agencies, digital agencies and all others who are repositories of big data to join the Forum. Even government organizations will be invited to become members of FEUD.
“We are plagued today by multiple issues in data protection and its ethical usage. For starters, most organizations are not even aware of who has access to, and who uses sensitive data within their own ecosystem. Compliance regulations and guidelines are extremely lax. No one even spends time cleaning up toxic data dumps. There are no investments to protect sensitive data appropriate to its value. At the Forum for Ethical Use of Data (FEUD), we will stimulate necessary awareness and action across organizations,” says Ambika Srivastava.
“Out sourcing data and allowing uninhibited access to vendors and partners can create unprecedented situations like in the case of Facebook. At Forum for Ethical Use of Data (FEUD) we will bring about risk assessment and security awareness programs that will instill both understanding and trust within our member organizations, and their customers in turn,” says Paulomi Dhawan.
“Sometimes organizations do not realize that retaining customer data beyond what is required or longer than when it is required can itself create problems. Data management in India needs a lot of thinking,” adds Dhawan.
The Forum will initially operate from Mumbai and Delhi. Efforts are already in progress to bring in a senior retired police officer as an adviser to the Forum. “In their own way, the music industry and the software industry which had massive issues of piracy achieved a lot of success through a combination of measures over the last two decades. Data is different but requires direct action if noticeable results are to follow,” adds Goyal.
