The midata vision of consumer empowerment
- Published on Friday, 04 November 2011 14:19
- Posted by Scott Buckler
The Government has announced a ground-breaking partnership with 26 organisations to deliver a new era of consumer empowerment
The businesses, consumer bodies and regulators involved are all committed to working with Government to achieve its vision for midata. And all are endorsing the key principle that data should be released back to consumers.
midata is a voluntary programme the Government is undertaking with industry, which over time will give consumers increasing access to their personal data in a portable, electronic format.
Individuals will then be able to use this data to gain insights into their own behaviour, make more informed choices about products and services, and manage their lives more efficiently.
Today’s announcement marks the first time globally there has been such a Government-backed initiative to empower individuals with so much control over the use of their own data.
Launching the midata vision, Consumer Affairs Minister, Edward Davey said:
“This is the way the world is going and the UK is currently leading the charge. We see a real opportunity here, but others, including the US and EU, are also showing real interest in the programme and the economic benefits it can deliver.
"So if we want to continue leading the way, we need to develop a platform upon which the innovation and services that drive growth can be built. midata aims to do just that."