Mastercard’s President and CEO discusses Role of Big Data at the Future Investment Initiative in Riyadh

Ajay Banga, President and CEO of Mastercard, a leading technology company in the global payments industry, participated in a panel discussion at the Future Investment Initiative which is taking place in Riyadh this week at the King Abdulaziz International Conference Center. The session, titled “Data-Driven World: The Future of The Information Economy”, shed light on the role big data is playing in transforming the global business landscape,  and inspiring the development of new industries and new economies in the twenty first century.

Mr. Banga stressed that technology and innovation drive new opportunities which enable diversified economic growth. As the world becomes increasingly connected, cross-border data flows offer opportunities for innovation, social benefit, growth and prosperity to businesses and consumers. Mr. Banga also highlighted the importance of building privacy and data protection into these activities.