Mint Presents Demystifying Regulation in Technology – Episode 2

[PARTNERED]
Big Tech has always had a scramble of power over who controls cyberspace with conglomerates becoming highly profitable that have gained a massive foothold with hundreds of millions of users and so, the behemoths have massive dominion over consumers and the economy. This perverse power means that people, economies and nations are struggling to figure out how to combat these Big Tech companies. It seems like there's no accountability and it seems to have caused a bigger gap in inequality and lack of opportunity. There's a worry that these companies being so big, they're able to easily collect swathes of personal information and data of consumers, acquire competitors and fledgling companies and have a competitive advantage against smaller businesses trying to stay afloat.

Antitrust laws aim to curb monopolies and maintain competitiveness, augment scrutiny of new mergers and be on the lookout for anti-competitive strategies enforced by Big Tech.

With worries of infringement of privacy and surveillance capitalism abound, this seems like a pragmatic concern to have: is Big Tech too big and does it have too much power? Will there be regulation in India that would actually impact these conglomerates and get them to amend certain behaviours? With the Indian government adopting technological capabilities, does this also mean there is unfettered access to layers and layers of personal data of Indian citizens that is largely unchecked? Should there be so much concentration of power that could promote or suppress as per their wishes? Catch industry experts answer these questions and more!