This week, we begin with an article about India’s data protection bill which is far more restrictive than the GDPR & also presents several issues in the bill. Next is a piece exploring the importance of non-tech layers of digital infrastructure to unleash the true potential of India’s open digital ecosystems (ODEs). Then, we have an article that talks about the use of digital assets becoming more common & businesses looking to add digital currencies to their portfolios. Following that, we have an analysis of leveraging the visual data collection, computer vision & AI by climate tech organizations to enhance sustainable operations. Next is an article discussing the reasons behind pharma data becoming more vulnerable to cyber-attacks, cost of breach & ways adopted by the industry to safeguard patient data. Lastly, we have the results from a global survey by Vertiv that suggests edge computing will reshape the data center landscape in next five years.
Keeping India Open To The World: In Current Form, Data Protection Law Risks Positioning India As A Protectionist Jurisdiction
The growth of all the advanced economies in the world was fuelled by embracing international trade. India’s dream of being a $5-trillion economy is built on the edifice of an open economy and global outreach. In line with this vision, the government has been proactively engaged in negotiations to finalise free trade agreements with major players, including the US, the EU, and the UK. Data and technology are the basis of most economic transactions today.
Filling The Physical Gaps In India’s Digital Push
A lot has been written about the emphasis on “digital” in the 2022 Union Budget. But one aspect that hasn’t been talked about as much is the importance given in the budget to digital public infrastructure (DPI) — the idea that cross-sectoral “digital rails” like ID, payments and data exchanges when combined with open interconnected data systems in sectors like health, education and social protection, can transform service delivery.
Crypto Assets, Distributed Finance And Wealth Managers’ Menus
It is hard to avoid the world of cryptocurrencies and other digital assets today. The air is abuzz with talk about bitcoin, smart contracts, non-fungible tokens, tokenisation and decentralised finance. And wealth management as an industry, and as a guardian of client wealth, is being affected by all of these areas in a variety of ways. Family offices, private banks and wealth managers are considering using the infrastructure of digital assets to run their businesses, or investing in them to make money.
How Visual Data Is Propelling A New Wave Of Climate Tech
Until recently, there was no visceral sense that the largest challenge we face is fixing the planet. Responding to environmental problems was for too long viewed by big companies as a marketing strategy to target consumers who were more environmentally conscious than others. Today, the tides are, literally, changing, and sustainability is now mission critical for businesses as new wisdom has emerged that illustrates how being ‘green’ is a catalyst for innovation and market opportunity.
Safeguarding Patient Data Is Crucial For Pharmaceutical Companies
According to recent reports, healthcare and life sciences companies reported the highest volume of cybersecurity breaches among all industry sectors. In 2021, the pharmaceuticals sector reported the third highest average cost of a data breach among all industries, behind healthcare and financial services. Over the past 12 months, the digital threat landscape has evolved significantly, with COVID-19 being used as common bait to deposit ransomware in networks.
The Edge Network Is Reshaping Data Center Ecosystem
The edge of the network is becoming increasingly important as businesses look to improve their workloads and run applications. Today, the edge is no longer just a point at the network. It is becoming increasingly core to the data center market, especially with edge computing changing the entire data center ecosystem. Often deployed as an alternative to cloud and central data centers, edge computing provides lower latency and data transmission costs compared to centralized resources.