This paper, developed in cooperation with the Vodafone Institute for Society and Communications, highlights overall takeaways and recommendations in the areas of privacy protection, responsible data governance, transparency and accountability for unleashing big data-driven innovation, including: (1) putting ‘privacy by design’ into action: privacy-preserving technical procedures and standards for data sharing and use; (2) focusing on responsibility in data use: establishing internal responsible data governance standards and (3) keeping transparency, trust, and user control at the center: engaging all data stakeholders.