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Telco 2.0 appointed to World Economic Forum Global ICT Council

In the run up to our ‘M-Commerce 2.0’ events in New York (5-6 October) and London (9-10 November) we’re delighted to share a press release on our deepening collaboration with the World Economic Forum:

STL Partners/Telco 2.0 appointed to World Economic Forum Global Information and Communications Technology Council
WEF logo.jpg

Multi-national, cross-industry body sets out to enhance the impact of global telecommunications and address the disenfranchisement of people without access to telephony services and the wealth creation potential of ‘personal data’ created by mobile communications.

London, September 20, 2011 - Simon Torrance, CEO of STL Partners and co-founder of the Telco 2.0 Initiative, has been appointed to the World Economic Forum 2011 Global Agenda Council on Information and Communications Technology.

The council, one of several within the World Economic Forum (WEF) Network of Global Agenda Councils, is dedicated to focusing world interest on the global benefits of information and communications technology (ICT) and its application in areas such as financial inclusion, healthcare delivery, education and environmental sustainability.
In particular, the council has been focusing on three key topics: the provision of affordable, ubiquitous broadband access and measurement of its socio-economic value; ensuring global scalability of mobile health and mobile finance to benefit health and wellness via improvements in productivity, cost reduction and knowledge; exploring the wealth creation potential of personal data created via mobile communications while ensuring governance to prevent abuse of the technology.

“The WEF and members of this council share the belief that leveraging personal data can drive a new wave of social and economic growth,” says Simon Torrance, CEO of STL Partners and co-founder of the Telco 2.0 Initiative.

With more and more rich ‘personal data’ flowing through mobile networks, there is a strategic, global opportunity to create a new class of economic asset out of it, putting the individual in control and creating the infrastructure that enables them to take advantage of it safely. “To realize the social and economic benefits in this emerging area,” says Mr Torrance, “we will need cross-industry, cross-government involvement in firstly understanding the potential and then collaboration on building the appropriate legal, commercial and technical ‘trust frameworks’. In parallel the telecoms industry needs to re-think it’s role in the digital economy and its business models if it wishes to play a prominent and valuable role.”

Over the last 18 months the Council has galvanized awareness of the potential of personal data as a new economic asset class. Building on this momentum, the Council will focus on generating a deeper understanding for the importance meeting people’s needs and making informed ICT-related policy decisions.

Established in 2008 the World Economic Forum Network of Global Agenda Councils comprises relevant thought leaders from academia, government, business and other fields on the foremost topics in the global arena.

STL Partners and the Telco 2.0 Initiative are running a series of events in New York, London and Singapore this Autumn with the support of the Forum on the topic of personal data and ‘m-commerce’ (payments, advertising and media experiences): www.newdigitaleconomics.com. These are supported by our 2011-2012 research programme: www.telco2research.com.

Notes for Editors

Further information about the World Economic Forum ICT Global Agenda Council can be found online at: http://www3.weforum.org/tools/gac/issuebrowser2010/index.html#/3486.

Members of the World Economic Forum ICT Global Agenda Council include: Robert Quinn (AT&T), Sanjay Kapoor (Bharti), Peter Gabriel (Real World), Hamadoun Touré (ITU), John Clippinger (Harvard University), Nicholas Nesbitt (KenCall EPZ), Seth Ayers (World Bank Institute), Alex Pentland (MIT), Bright Simons (MPedigree), Scott David (K&L Gates), Simon Torrance (STL Partners/Telco 2.0 Initiative), Juliana Rotich (Ushahidi), Yvette Alberdingk Thijm (Witness), Marc Davis (Microsoft), Roman Friedrich (Booz&Company), Rob Conway (VimpelCom), William Hoffman (World Economic Forum) and Rajeev Singh-Molares (Alcatel-Lucent).

Contact the Telco 2.0 press office: contact@stlpartners.com

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