Data localization creates barriers that not only affect consumers by limiting benefits of the existing global internet, but also make it harder for innovative products and services to enter or expand to other countries.
Why is data localization important?
The need for data localisation has emerged due to the pressing issue regarding the security and privacy of data, which comes at risk once it leaves the country's borders. Data localisation will enable the enforcement of local data privacy legislations.
What is data localization?
Data localization is the practice of keeping data within the region it originated from. For example, if an organization collects data in the UK, they store it in the UK rather than transferring it to another country for processing.