Friday November 15, 2019
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Facebook Says It Can’t Protect Users Alone Day After Stock Collapses

Facing global backlash over data scandals, Facebook stock nosedived 20 per cent -- wiping over $120 billion off the company's market value in a single day

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Facebook plans sprawling office near Microsoft headquarters. IANS

Facing an intense public scrutiny over data leaks amid privacy concerns, Facebook has now called for the entire tech industry to come and protect people’s data.

According to David Baser, Director of Product Management at Facebook, nearly every day, news comes out from a different company about personal data that got into the wrong hands.

“Even if we’re all taking steps to shore up our privacy protections, we won’t find the answers in a silo. Companies are connected and our technology ecosystem can’t be reversed.

“So we need to work together on standards and best practices to make data portability a reality while also prioritizing people’s privacy and security,” Baser said in a blog post late on Thursday.

Facebook, Google, Microsoft and Twitter last week announced that they will join the open source initiative called Data Transfer Project (DTP).

In the early stages at the moment, the Data Transfer Project will help users of one service to use their data to sign up for another service with encryption.

Facebook
Facebook App on a smartphone device. (VOA)

According to Facebook, some of the world’s most popular apps have been built on its platform and the flow of information has the potential for abuse.

“Bad actors can gather information from people and use it in ways that they aren’t aware of and didn’t agree too, like selling personal data to marketers.

“Facebook has clear policies against this, but as we saw with the Cambridge Analytica situation, bad actors are more than willing to ignore these policies in pursuit of their own objectives,” Baser said.

Some argue that the best response to Cambridge Analytica would be to lock Facebook down completely so apps can’t get access to this kind of information but according to Facebook, limiting people’s ability to share information would erase the conveniences they enjoy.

Also Read: Facebook Rolls Out ‘Watch Party’ Communal Video Viewing Option to All Groups

“We need to find the right balance, giving people control over data sharing and preventing abuse without hampering people’s experiences or hindering innovation,” said Baser.

Facing global backlash over data scandals, Facebook stock nosedived 20 per cent — wiping over $120 billion off the company’s market value in a single day — after its revenue and user growth in the second quarter of 2018 fell short of investor expectations.

The social media giant reported 2.23 billion monthly active users — an increase of 11 per cent (year-over-year) which was its slowest growth in more than two years. (IANS)

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Micheal Dell Feels That India can Emerge as Top-Player in Data Driven World

Talking about Digital India, Dell said that it's an excellent initiative of the government

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Dell Said that If you look at the countries of the world and compare them with India, the outcome of human progress is tremendous. Pixabay

The ‘data king’ of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players. In an exclusive interview with IANS, here at the company’s Global headquarters the American billionaire businessman and Chairman of Dell, one of the world’s largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.

From building a microsensor into a small finger ring to transforming autonomous vehicles, including aircraft by redefining artificial intelligence (AI), Dell seems determined to shape the world by the next decade through a revolution in processing and storing data.

“Dell is the only company in the world capable of achieving this objective…and I feel India has the potential to be a centre of excellence for us,” said Michael Dell, who leads the IT company which has a revenue worth over $90.62 billion, adding, “I would be visiting India soon and our company has ambitious plans to expand in a country known for its intellectual capabilities.”

Talking about Digital India, Dell said that it’s an excellent initiative of the government (led by Prime Minister Narendra Modi). “The Make in India (project) also impresses us. But it would be more appropriate if India focuses beyond manufacturing smartphones, (hinting that a lot more is happening in the manufacturing business related to IT). India has to focus on other areas too,” Dell told IANS during an interaction at Dell Technology Summit.

“If you look at the countries of the world and compare them with India, the outcome of human progress is tremendous. It (India) has all the possibilities to enhance its capabilities…and Dell is excited about this,” he said.

The 54-year-old billionaire with net worth of over $31 billion, is seen as one of the topmost philanthropists from this part of the world. His company is empowering people from economically weaker sections with software technology.

For instance, a door to door delivery salesboy from Boston, was recently trained in software skills and has now become part of the Dell engineering. Girls of a similar profile from Brazil have also joined the Dell team. Such examples are innumerable. By the next few years, Dell Technologies also dedicates 50 per cent of the jobs to women.

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The ‘data king’ of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players. Pixabay

“In India, we are working with Tata Trusts in the field of social and health care services, and we have reached 11 million people. By the next few years we will try to reach 44 million. We have also set up a Dell Medical University in Austin, and we are focussing on providing innovative medical services to the unaffordable.

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“Our social commitment would be a top priority for the next 35 years. In the last 35 years Dell has grown from a small company to a global giant….and in the next 35 years we not only want to lead the world of technology but also want to focus on people who have been lagging behind in society. The world has to be better for everyone, in many ways,” said Michael Dell, once (in 1992) the youngest CEO of a Fortune 500 company to becoming a leader in shaping the future of the world. (IANS)