There is no exclusive definition of data localization. In effect, it is the opposite of “digital globalization” which refers to the free movement of data.
With the advent of technology, governments are becoming increasingly cautious and intrigued to follow data as it traces various touch points. The purpose of this is to help mitigate risks that arise with uncontrolled use of data, especially pertaining to personal and financial fronts. Today, anyone can hold the government accountable, and this has called for new initiatives to drive cautious use of data. While the amount of data itself has burgeoned, what isn’t well understood is who has access to this data and what they can do with it.
There’s enough proof that the newly proposed Data Protection Bill 2019 can be a great leveler in the Indian government’s computing policy and bring in a profound sense of security among financial institutions and civilians.
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