How Data Restrictions Hurt The Global Economy - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
IT Leadership // CIO Insights & Innovation
Commentary
3/3/2015
10:34 AM
Michael I. Roth
Michael I. Roth
Commentary

How Data Restrictions Hurt The Global Economy

Many countries are creating policies to restrict the flow of data, driven by privacy or protectionist concerns. Such limits could stifle economic growth.

(Image: NASA)

(Image: NASA)

Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
danielcawrey
100%
0%
danielcawrey,
User Rank: Ninja
3/5/2015 | 11:11:40 PM
Re: How Data Restrictions Hurt The Global Economy
These restrictions seem stupid to me. The whole point of the internet is to break down barriers and enable global communication.

But governments clearly see this as a threat. I don't know what the remedy is to this, although I feel like more people should really be concerned here. Data restrictions of this nature are simply never a good thing. 
zerox203
100%
0%
zerox203,
User Rank: Ninja
3/4/2015 | 4:07:47 PM
Re: How Data Restrictions Hurt The Global Economy
You're certainly right about at least one thing, Michael - it can't be understated just how fundamental unrestricted data sharing is to the global economy, and to people's lives, today. Moreover, the margins by which many, many companies succeed are already driven by the idea that this data sharing is near-cost-free and won't cause them any headaches, so even the slightest alteration to that status quo could do big damage to their profitability and thereby their ability to offer competitively priced, innovative services. Imagine a chinese vendor who sells consumer electronics online at cut rates where the profits are just pennies. Consumers take this for granted, but what happens to their customer service if the cost of doing business goes up? Any decision to restrict or regulate that which is already open should not be taken lightly.

That being said, I do feel that that knife cuts both ways. As you said, many such laws are well-intentioned. Consumers have given up many of their rights without even realizing it - rather than laws being in place that either protect consumers or companies' rights, things just pushed ahead without any regulation at all. It's a wild west. Consultation with private sector experts who know their industry and the technologies at play are crucial, as governments are likely to make politically-motivated, uneducated leaps where technology is involved, but you seem to have left out the other end of the equation - ultimately, the laws should reflect the people's will. Ensuring they have proper education in making those decisions and the repercussions they'll have on the economy is a pursuit of it's own, but in no case should companies' needs supercede the will of the public, connected though they are.
Slideshows
DeveloperWeek NY and MongoDB World Tackle Transformation
Joao-Pierre S. Ruth, Senior Writer,  6/25/2019
Commentary
GDPR One Year Later: Was the Hype Worth It?
Guest Commentary, Guest Commentary,  6/19/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
Slideshows
Flash Poll