A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 162 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Is Big Data a National Asset or a Commodity?
1 June 2017

Not only has the term ‘big data’ become a part of today’s business vocabulary, it is a new reality for companies. The widespread use of new gadgets and Internet services, together with the development of cloud technologies and the Internet of Things, has facilitated the collection of huge data sets, including user data and detailed information about Internet users. The analysis and application of this data has become a new source of growth for many businesses, and even entire sectors. For companies which gather data, trading raw and processed data has become essential, sometimes representing a major part of their income. People have begun to call big data ‘the new oil’. What kind of role does big data play in the incipient digital economy? Is this ‘oil’ simply a new commodity? Or, to continue the analogy with natural resources, is it an asset owned by the whole nation? How can opportunities for business growth be combined with social responsibility? How can we avoid infringing the right to a private life when building this new economy? What kind of balance should be struck between state regulation and self-regulation of the business community?

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