Promoting Entrepreneurship and Innovation Through Business-to-Business (B2B) Data Sharing
Summary
To bolster competition, entrepreneurship, and innovation, the next administration should facilitate business-to-business (B2B) data sharing between startups and data-rich, established companies. Asymmetry in the digital economy is an existing market failure that, if left unchecked will continue to intensify to the detriment of consumer choice and our collective security.
Leveling the playing field requires policy to remove barriers to entry created by data advantages and to promote market competition through increased access to big data. Specifically, we propose that the Small Business Administration’s Office of Investment and Innovation establish a data-sharing program that gives entrepreneurs access to the data they need to improve algorithms underpinning their products and services. This would support a thriving and diverse ecosystem of startups that could in time yield valuable new markets and products.
To sustain America’s leadership in AI innovation, accelerate adoption across the economy, and guarantee that AI systems remain secure and trustworthy, we offer a set of policy recommendations.
Current scientific understanding shows that so-called “anonymization” methods that have been widely used in the past are inadequate for protecting privacy in the era of big data and artificial intelligence.
To fully harness the benefits of AI, the public must have confidence that these systems are deployed responsibly and enhance their lives and livelihoods.
The first Trump Administration’s E.O. 13859 commitment laid the foundation for increasing government accountability in AI use; this should continue