For more than a decade, the Internet hi-tech industry has enjoyed a honeymoon of sorts with people around the world. Now as the internet population has boomed to just below 8 billion users, there are clouds on the high-tech horizon. The Facebook – Cambridge Analytica  affair is just the tip of the iceberg. There was so much excitement with the new hi-tech industry that people forget risks come with progress.

Just as the telephone, the automobile, antibiotics and electricity have improved the quality of life, they each pose dangers when used haphazardly. It is necessary for governments to impose regulations to protect individuals. The wonder children of the economy are coming of age and this will kill the pace of growth.

Recently Mark Zuckerberg has shown a position that IS commendable but inadequate. He is acknowledging the Cambridge Analytica breach as a case of abuse when it is fundamentally a case of Facebook irresponsibility. It is historic because so far the cases getting the most attention are where rules are broken for antisocial ends. Now the rules themselves are being questioned.

Southeast Asia is experiencing a rapid growth of Internet, digital, social media and mobile activity. With more than 370 million Internet users in January 2018 and double-digit growth in most segments of most economies of the region, the digital sector is dominant and attracting a lot of interest.

Grab, which started out as a taxi-hailing app in Kuala Lumpur in 2012, became the region’s dominant ride-hailing service in past years with $4 billion raised from investors. It was most recently valued at $6 billion, with more than 86 million mobile app downloads. It currently offers services in more than 190 cities across Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia. Now it is being taken over by Uber which sends signals the limits of globalization. Uber is being beset with management problems

There are also issues with technology, as shown In the tragedy of a fatal accident involving an autonomous test vehicle and a pedestrian. Companies are investing billions of dollars to develop the technology. Full driverless systems can save the most lives by being more alert and capable than human drivers and relieving them of all control of vehicles, their argument continues. Now this is seriously questioned.

But the most formidable challenge has been the erosion of privacy, highlighted by the Cambridge Analytica scandal. Because technology companies now deal with billions of consumers, any individual is insignificant. And since for most technology companies the individual consumer is also a product, whose information is sold to others for a profit, he or she is doubly disempowered, Fareed Zakaria of CNN/GPS writes.

Technology is dangerous when it is in error. It  is even more so so when it supports an antisocial business model.

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