Earth represented by little dots, binary code and lines - big data, global business, cryptocurrency 3D renderwas held in China to discuss the need for a consensus on the legal structures around cross-border data flow—essential processes for distributing information in our data-driven global economy.
Managing the global movement of information creates continuous challenges of data privacy, security, and control. In today’s innovative economy, we increasingly rely on the exchange of data across national boundaries to communicate and trade information. For businesses, transferring data across borders is important to expand their reach and connect with customers in new markets.
As the use of data in technology evolves, governments and businesses must work together to ensure that cross-border data is regulated in a manner that promotes innovation, protects privacy and security, and respects national sovereignty.