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Smart Data Governance
The increased integration of smart data technologies in companies’ networks increases productivity, helps to avoid costs and creates completely new business models, but also brings with it new security and data protection threats and challenges which conventional mechanisms cannot meet. Unwanted intrusions, such as data espionage or data manipulation, as well as IT infrastructure attacks carried out by external perpetrators must be prevented – to protect companies themselfs, but also for the sake of data protection in the interest of customers and business contacts.
Also legal IT regulations and even more their lawfull implementation need further clarification. Nevertheless, legal compliance is absolutely essential to ensure that smart data innovations developed by the individual projects can be put into practice without difficulties.
Digitalization creates many opportunities for businesses and consumers but at the same time they generate challenges that need to be addressed. IT security issues, such as cyber-attacks, identity and personal data thefts pose a big concern to many. Since companies across all industries own important knowledge and data, in case they neglect security measures, they easily become targets of hackers who either want to obtain that information or to compromise a company’s system.
The constant development of digital technologies brings along legal and ethical concerns. A collective dialogue that brings together members of the civil society, academia, ethic commissions, lawyers and politicians is needed in order to identify a unified code of conduct. Autonomous driving, humanoid robots, drones or face recognition systems are just some examples of areas that need to find their place within the legal framework of any country. Albeit the EU’s GDPR thoroughly regulates data collection and processing EU-wide, actual enforcement needs to be further adressed by governments.