Gaps in regional data and privacy legislation underscore the need for a universal data governance framework, new research finds
NEW YORK, March 17, 2022 /PRNewswire/ — With the rise of big data, the focus on collecting, managing and analyzing legitimate and transparent data is now at an all-time high. To better protect the well-being of their citizens, ensure national security, and preserve their sovereignty and competitiveness, governments around the world have introduced privacy laws and data protection regulations. However, in its new white paper, Data governance: definitions, challenges and universal framework global technology watch company ABI Search argues that current laws and regulations do not go far enough. A new universal data governance framework needs to be introduced to meet data governance needs in emerging technologies.
At the start of the internet age, most of the data entered into databases was personally identifiable information (PII) and metadata. Released in 2016, the General Data Protection Regulation (GDPR) is a groundbreaking regulation that dictates and governs how European Union citizens’ personal information is used, stored and shared. Since its formulation, public agencies, private companies and non-governmental organizations have established internal data governance practices to comply with GDPR and similar regulations. This includes from Brazil General Data Protection Law, China Privacy Act, from Japan Privacy Act, and South Africa Privacy Act.
Despite all efforts, the global regulatory environment remains highly fragmented. A good example is United States. There is no common consensus for managing PII among different states and industry players. Navigating through all these regulatory requirements in different jurisdictions is time consuming and exhausting. Also, the classification of new PII, such as audio recordings and IP addresses, remains unclear. “A new data governance framework that introduces a broader definition of PII can go a long way in protecting the rights and privacy of customers. As the world becomes increasingly interconnected and the flow of information moves rapidly to digital platforms, this data does not respect national borders. An accepted and well-defined government data framework can reduce regulatory complexity and remove barriers to adoption,” explains Lian Jye Suprincipal analyst at ABI Research.
More importantly, most, if not all, of these regulations are not future-proof. From 2022, all data protection regulations will focus on PII. While PII remains critical for certain verticals such as social media, sales and marketing, banking and finance, other companies deal with an increasing amount of machine-generated data, geospatial data and synthetic data. for emerging technologies, such as real-time location. Services (RTLS), cloud and edge AI applications, autonomous driving, digital twin and metaverse. As companies adopt and deploy these technologies in their day-to-day operations, they are also adopting advanced data management and processing techniques.
“A universal data governance framework can introduce regulations to prevent the misuse of types of data beyond PII. The framework can guide companies on the right mechanism when it comes to the collection, processing and large-scale, distributed data storage, and can help ensure data identification, accessibility, interoperability, and reuse,” says Su.
Ideally, this new data governance framework is designed by internationally recognized standards development organizations, such as the International Organization for Standardization (ISO) or the International Telecommunication Union (ITU). Additionally, it must be universally accepted, forward-looking, and focused on fairness, equality, and data sovereignty. “Emerging technologies have proven to be great tools for eliminating economic inequality, promoting digital literacy and accessibility, and empowering marginalized communities. However, the way they collect and store data raises legitimate concerns about sovereignty. data, abusive business practices and cybersecurity must work together to develop a universal data governance framework that can minimize these concerns and allow technologies to reach their full potential,” concludes Su.
To learn more about the Universal Data Governance Framework, market gaps and challenges, and ABI Research’s strategic recommendations for enterprises, download the white paper: Data governance: definitions, challenges and universal framework.
About ABI Research
ABI Research is a global technology intelligence firm that provides actionable research and strategic advice to technology leaders, innovators and decision makers around the world. Our research focuses on transformative technologies that are dramatically reshaping industries, economies and the workforce today.
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