For many countries, the specific locus of citizen and other data for jurisdictional purposes is the data’s actual location. However, jurisdiction should be framed from a data processing and transfer perspective, and multilateral trade rules may serve as a guide to this approach. In the cloud computing age, data should generally be free from any geographic restrictions, save for certain exceptions involving national security, economic development and citizen identification.
Data and statistics have been gaining increased attention at the global level. One of the main discussions right now surrounds the value and use of data. The Economist asserts that ‘the value of data is increasing,’ and that ‘data are to this century what oil was to the last one: a driver of growth and change’.
Six months into 2017, the digital weather remains unsettled. Various crises brought occasional storms. Internet growth and innovation triggered a few sunny spells. The digital weather remains similar to the annual forecast for 2017.
In the coming years, increasingly sophisticated big data analytics techniques will enable advancements in artificial intelligence (AI) and automation technologies. However, at least in the short term, AI and big data analytics (BDA) will not completely replace the need for humans in business or finance.
Big data is high-volume, high-velocity, high-variety, and high-veracity data generated by digital devices. Over the past decade, efforts to harness this data for predictive purposes have increased dramatically in all areas of society, including the private, public, and civil sectors. Big data analytics has largely been used for three main goals: more effective marketing, increased internal connectivity, and enhanced efficiency.
Digital devices play an increasingly central role in many people's lives and analogue tools are becoming quickly outdated. Phone books, travel agencies, and taxi companies are becoming obsolete with the advent of mobile phones, Airbnb, Uber, and countless other online solutions. With the advent of the Internet of Things, not only are our obvious digital devices – phones, tablets, and laptops – becoming linked to the Internet, but so are our formerly analogue tools – doors, fridges, and thermostats.