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Japan to urge businesses to share big data

New guidelines aimed at maximizing innovation

Information technology like big data is becoming a more important part of doing business.

TOKYO -- Japan will encourage companies to share big data they collect, so that businesses can better cooperate on developing new products and services in the age of the "internet of things" instead of keeping all the information to themselves.

An advisory board under the Ministry of Economy, Trade and Industry will publish guidelines for big-data use in May, which will be reflected in the government's growth strategy to be drafted this summer. There is also talk of creating a new framework for resolving disputes over big data.

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