The digital economy is increasingly becoming monopolistic, with a handful of large players dominating major market segments. This concentration of power has led to mounting concerns about anti-competitive practices, particularly among “Big Tech” companies, which typically dominate digital platforms.
These digital monopolies stifle competition by controlling significant portions of the market and engaging in anti-competitive practices such as charging exorbitant fees, controlling access to key services, or dictating terms to smaller businesses that rely on their platforms.
A clear example of this behaviour was when Twitter refused to take down content that violated local laws in India. By doing so, Twitter asserted its dominance over online discourse and subverted the authority of the Indian government, which eventually had to step in to enforce content removal.
Such instances highlight the serious challenge digital monopolies pose to a free and competitive economy. These platforms leverage the network effect to become essential infrastructures businesses depend on, supporting millions of jobs. However, this power can quickly become a means to smother competition and, more alarmingly, undermine governmental authority, which demands immediate attention.
THE CASE FOR PROACTIVE REGULATION
While digital monopolies may initially appear beneficial due to the jobs and economic activity they generate, their potential to stifle competition, engage in significant anti-competitive behaviour, and disregard government authority has become increasingly evident. No government can afford to dismantle large businesses that underpin vast sections of the economy. However, allowing these monopolies to operate unchecked threatens national sovereignty. This underscores the urgent need for proactive regulation to prevent such scenarios.
هذه القصة مأخوذة من طبعة september 2024 من Voice and Data.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة september 2024 من Voice and Data.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Businesses in a quandary as India battles mobile spam
TRAI's new SMS regulations target spam but could disrupt legitimate business communications, while OTT platforms like WhatsApp remain difficult to regulate
Coca-Cola cloud brings a golden harvest for Infosys
Infosys is set to significantly benefit from Coca-Cola and Microsoft's cloud alliance, highlighting India's pivotal role in enabling digital transformation worldwide
India's cosmic odyssey: Reaching for the Moon and beyond
India's space ambitions extend beyond Chandrayaan-3, with plans for lunar sample returns, a national space station, and cutting-edge launch vehicles
SMEs scale new heights with cloud
Cloud technology empowers Indian SMEs in BFSI with scalability, innovation, and security, enabling them to compete with larger firms and drive growth
Not a chip off the same block
eSIMs are reshaping connectivity with seamless switching, enhanced security, and loT integration while navigating challenges in adoption and regulation
Powering 'Tech Olympics' in Paris
How the Paris 2024 Olympics redefined global sports, blending Al, 5G, and digital twins to set new standards and pave the way for the future of sporting events
"5G has consistently influenced complementary technologies"
With over 34 years of experience in the IT services industry, Dinesh Rao currently serves as the Executive Vice President and Co-Head - Delivery at Infosys.
"AI applications and hybrid work models are drivers of SASE adoption"
With extensive experience in leading product management for Secure Access Service Edge (SASE), Software-Defined Wide Area Network (SDWAN), and Security Service Edge (SSE) solutions across various enterprises, Andrew Winney currently serves as the General Manager and Global Head of SASE Business at Tata Communications.
TELECOM'S GREEN SIGNAL FOR GROWTH
As technology leads India's sustainable transition, innovations like 5G and green energy are paving the way for inclusive growth and environmental stewardship
The BIG Leap
As Indian enterprises embrace 5G, they are driving innovation, unlocking new possibilities, and paving the way for the next industrial revolution