This study, produced by Asia-Pacific Economic Cooperation (APEC) with extensive research contributions from the Information Technology and Innovation Foundation (ITIF), aims to better understand the role of data in the business models of various firms and highlight through case studies the challenges they face pertaining to data utilization. Thirty-nine firms from 12 economies participated in this project. They come from a diverse group of industries, including aviation, logistics, shipping, payment services, encryption services, and manufacturing.
The objective of the study is to better understand:
- How firms from different sectors use data in their business models;
- How policies and regulations are affecting firms’ use of data and hence their business models, considering the significant increase in data-related policies and regulations being enacted by governments across the world; and
- Middle-ground approaches that would enable governments to achieve public policy objectives, such as data security and privacy, while also promoting the growth of data-utilizing businesses and digital trade.
ITIF contributed four chapters to the report: