Data has become the fundamental driving force for economic growth and innovation. Due to its unique nature and as a mechanism for value creation, every link produced by data has also brought challenges in consumer privacy, data security, and data ownership. By promoting the understanding from researchers, policymakers, and business experts from all over the world, Luohan Academy aims to push for a consensus on data governance best practices, privacy protection, and data security so that we can better integrate data into our daily life effectively, safely, and trustingly.
Digital technology has been reforming the economy in an unprecedented way. It brings along new business models, increasing varieties of goods, widespread availability of free services, and ever-growing importance of intangible assets. All of these have a profound impact on the measurement of economic activity and, thus how we understand economic prosperity and, ultimately, social welfare. With big data enabled by technology, Luohan Academy works closely with academia, policy-makers, and business leaders to achieve ever-updating insights on the fundamental changes and measurement of the actual impact.
The coronavirus outbreak is first and foremost a human tragedy. The vulnerability of human beings in the face of nature and uncertain elements is clearer than ever. Digital technology brings us hope by bringing a giant leap forward in capabilities to sense, collect, and analyze information. Luohan Academy is at the forefront of using digital technology to analyze the impacts of the pandemic and find insights of economic recovery.