Data economy

Data is often described as the raw material of the digital world. The sustainable and careful use of data is a critical success factor for all stakeholders. A balance must be struck between the interests of society, companies, consumers and users.

A representative, cross-industry and interdisciplinary working group drawn from the membership of economiesuisse has taken on the task of developing a fundamental commitment by the Swiss business community to the responsible use of data.

Ten general principles as cornerstones

The document opens by defining ten general principles to which the Swiss business community commits in its handling of personal data.

This is followed by a brief discussion of good corporate data governance within a company. Finally, data processing is presented as a five-stage lifecycle, from data collection through to deletion.

Promoting trust in society and among consumers

The participating industry associations and companies aim to use this fundamental commitment to promote transparency and trust in society and among consumers. Some industry associations also plan to use it as an anchor for their sector-specific codes. It therefore also helps harmonise similar initiatives. The group behind this fundamental commitment already has a broad base, and Swico is part of it.