Japan Fair Trade Commission (JFTC) Chairman Kazuyuki Sugimoto said in an interview with the Nikkei that medical and financial big data could become “public property” that is widely available to business operators.
He expressed his readiness to call for the promotion of free data access and data flow by teaming up with government agencies.
The public and private sectors could jointly gather and analyze big data that includes personal data and trade information to create convenient services. Sugimoto said, “Future innovation will take place in conjunction with information,” and pointed out, “Big data could be seen as public property.”
Sugimoto also expressed his personal view, saying, “Perhaps free data access could be considered according to category.” As specific examples, he cited free access to “API,” which connects financial institutions and external computer systems; healthcare; and “mobility,” which includes autonomous driving.
Sugimoto said in the medical field, “Sharing the effectiveness of drug administration based on (big data from) medical records will make medical care more efficient.” For example, cutting back on the use of drugs with little effectiveness could reduce medical costs. (Abridged)