- Ajay Banga: Privacy and security don't have to come at the expense of innovation or economic progress
- Less access to data also has an unintended consequence of less access to ideas and innovation, he says
Ajay Banga is CEO of Mastercard. The views expressed are the writer's own.
(CNN)More and more of our world today runs on the free flow of data -- through smartphones, cloud computing, chip cards, biometrics, sensors and more. Data is driving more of our economies, growth and productivity.