10559 - Data is increasingly becoming a reality: UIDAI's Nandan Nilekani

Data is increasingly becoming a reality: UIDAI's Nandan Nilekani

By Rashmi Menon

“Data is increasingly becoming a reality. If I opt for cashless payment, there will be data on my payments now. But when I talk about the use of data, I am talking about it with the consent of the customer. It’s not using a person’s data without his permission. 

For instance, I come to you for advice to build a holistic portfolio for my investments. You say, “Okay, can you give me a history of your data?” So, I voluntarily give you my bank statement and other details. Everything is d .. 

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http://economictimes.indiatimes.com/articleshow/55062370.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst