Keizai Events


Data Sovereignty: The Free Flow of Data Is Over. What Can You Do?

Data is the new oil! Blah, blah, blah. It’s 2023 and the era of big data has now officially arrived as every business imaginable is declaring itself “data-driven,” and the sudden rise of ChatGPT lays bare the need for business to control their data sources to feed the looming maw of AI. Just as any company that does business overseas is now dependent on their data feeds, regulators around the world have decided to throw a proverbial monkey wrench into the flow. With concerns about the potential abuse of their citizens’ and companies’ data by foreign companies growing, governments are instituting laws that restrict where data can physically reside and how it can be used. “Data Sovereignty” is the term du jour and companies now must learn to navigate more regulatory minefields to operate overseas.