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    Data Is The New Oil

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    Sona Dutta
    The document discusses how data has become a valuable resource in today's digital economy. It notes that companies and political parties now gather and analyze large amounts of user data to improve services, make targeted advertisements, and inform policies. However, this widespread collection and use of personal data also raises significant privacy and security issues. As data and cloud-based services continue to grow, ensuring privacy protections while avoiding restrictions on data flows will be an ongoing challenge going forward.

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    Data Is The New Oil

    Uploaded by

    Sona Dutta
    32 views1 page
    The document discusses how data has become a valuable resource in today's digital economy. It notes that companies and political parties now gather and analyze large amounts of user data to improve services, make targeted advertisements, and inform policies. However, this widespread collection and use of personal data also raises significant privacy and security issues. As data and cloud-based services continue to grow, ensuring privacy protections while avoiding restrictions on data flows will be an ongoing challenge going forward.

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    Data is the new oil

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    The document discusses how data has become a valuable resource in today's digital economy. It notes that companies and political parties now gather and analyze large amounts of user data to improve services, make targeted advertisements, and inform policies. However, this widespread collection and use of personal data also raises significant privacy and security issues. As data and cloud-based services continue to grow, ensuring privacy protections while avoiding restrictions on data flows will be an ongoing challenge going forward.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    32 views1 page

    Data Is The New Oil

    Uploaded by

    Sona Dutta
    The document discusses how data has become a valuable resource in today's digital economy. It notes that companies and political parties now gather and analyze large amounts of user data to improve services, make targeted advertisements, and inform policies. However, this widespread collection and use of personal data also raises significant privacy and security issues. As data and cloud-based services continue to grow, ensuring privacy protections while avoiding restrictions on data flows will be an ongoing challenge going forward.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    If this is your GD topic, here are some points to speak on this topic.

     The countries who have oil turned into rich countries by selling it  (Ex- Saudi
    Arabia, Kuwait etc). Now, those who control data became the most profitable
    companies (Ex- Google, Amazon etc).
     Data is being increasingly used by companies to improve their services. For
    example, a clothes brand tries to gather data on customer preferences. At present,
    Data analytics is the fastest growing field.
     Political parties are no exception to this. They gather data on what are the main
    grievances in the particular area, the number of people in the particular age groups
    etc., so that they can make election promises depending on this data.
     Advertising companies use data such as location, interests etc. to show targeted
    ads.
     No one can live away from digital world. Because, even if we are not using
    internet, our data may be in online because now govt records, land records, identity
    cards, certificates etc. are all available online.
     Digital footprints are hard to erase due to the fast growing cloud services.
     With the growing data-based economy, our privacy is at risk. Cyber-crimes are
    increasing. Cyber security is also one of the fastest growing industries.
     Now, more and more people are realizing the importance of consent for using
    personal data. Europe’s GDPR (General Data Protection Regulation) laws are
    guidelines for other countries too.
     Now, there are fights on localization of data. Data localization means storing and
    processing the data of citizens inside their country rather than in other countries.
    This ensures security of the data. But it also violates trade laws.
     We cannot really compare oil with data because, oil is non-renewable and a
    limited resource. But data is being generated at a rapid pace and will continue to
    play a significant role in the world’s economy.

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