Can America's big data market soar?

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; Information collection and dissemination is a fragile industry, its growth needs appropriate regulations escort. We have no reason to believe that a radical overhaul of the intellectual property system is needed to make the system work in the big Data age. Countries and regions that have promoted the growth of the data industry as a policy focus will surely become leaders in this area.

Now, "Big data" has a very large scale of value, which makes our business world stand in the starting point of a new industry. Much of the information itself is rapidly evolving into an asset class, like software and hardware with its own ecosystems, competitive dynamics, and innovation cycles. Of course, the relevant legal issues are equally unavoidable.

Global governments and businesses are collecting, storing and exploiting data treasures and developing sophisticated computing methods to extract value from these data. For example, retailers have a more detailed record of our lives than we do ourselves. With a lot of customer contact points, and unusually rich data, retailers are even more aware of what products and services they want than consumers.

At first blush, these facts may seem creepy. While retailers are not breaking the law, there is still broad debate about whether there is a need to devise policies to balance privacy, prudence, social acceptance, ownership and undeniable business opportunities. But regardless of privacy, what legal system do we need to ensure the growth of this new industry and provide maximum personal and public value? Are we going to let the growing big data asset classes be subject to jungle rules? Or do we need new rules to promote the growth of the big data industry and make the United States the world's most attractive base for large data industries? These are not just abstract legal issues, but issues directly related to our patent, trademark and copyright (i.e. intellectual property) laws.

In the early stages, software is presented for free with hardware sales. In a short span of dozens of years, an industry emerged. With the development of the industry, our legal system has been changed to promote the growth of the industry through new and evolving copyright, patent and trade secret systems. Today, the software industry produces more than $ hundreds of millions of trillion, which is fast and innovative, and brings new consumer interests and life-saving opportunities at an extremely rapid pace. And the United States almost fully lead the development of the entire software industry.

Many would argue that America's leading position is largely attributable to U.S. support for intellectual property law, which has a very good balance between providing incentives to promote investment in innovation and providing access to third parties.

Therefore, reference to the development of the software industry, it is fair to say that the large data industry risk is very high, and policy is very important. However, there is no policy tool tailored to the problem of large data in the current intellectual property system of the United States. However, we may be able to interpret or reshape intellectual property laws to maximize social benefits while providing the best protection and incentives for the data industry. Although we do not yet have a complete roadmap for the interplay between large data and intellectual property, we do have some viable starting points. Our Patent and copyright systems, for example, can continue to play their current role-to protect creative ways of using data to gain value (through patents) and the creativity of the data itself (through copyright). There is, of course, no evidence that higher or lower levels of protection are needed in these areas, and there is an old saying: if things are not bad, don't fix them.