CFA outlines the primary challenge facing regulators today: harnessing the benefits of emerging technology, while ensuring that consumers, rather than a select few companies, are able to reap the benefits of innovation today and in the future.

This report addresses the structural features of digital markets that have given the largest tech companies outsized influence over the economy and over communications.  The paper puts big data platforms in the larger context of structurally similar markets, like big broadband networks, internet service providers, and business data services, to understand the progressive policies that have been successful in the past and can be adapted for the digital age.