Mastercards President and CEO discusses Role of Big Data at the Future Investment Initiative in Riyadh

Ajay Banga, President and Chief Executive Officer of Mastercard, a leading technology company in the global payments industry, took part in a panel conversation at the Future Investment Initiative which is happening in Riyadh today at the King Abdulaziz International Conference Center. The session, titled "Data-Driven World: The Future of The Information Economy, shed light on the function big data is playing in transforming the global business landscape, and inspiring the growth of new sectors and new economic situations in the twenty first century.

Mr. Banga stressed that technology and innovation drive new opportunities which enable varied economic growth. As the world becomes increasingly linked, cross-border data flows offer opportunities for innovation, social benefit, growth and prosperity to organisations and customers. Mr. Banga additionally highlighted the importance of building privacy and information security right into these activities.