Function of Data Sovereignty: Vinit Goenka’s new book
Author Vinit Goenka released his new co-authored book titled ‘Function of Data Sovereignty: The Pursuit of Supremacy’. He is founder member of Centre for Knowledge Sovereignty (CKS), which is an endeavour to acquire knowledge through experts of eminence in respective field.
Key Facts about Data
Data Localization: The Book focuses in-depth on steps and concrete actions required to build highly capable data centres that will ensure data security, and implementation of well-thought-out policies, procedures, and laws on data sovereignty to ensure that India weakens all fear of Data Colonisation well in time. The impact of these steps would be a radical breakthrough in ease of doing data centre business in India.
Caution: India is one of the world’s biggest markets in data generation i.e. India generates data and consume data. Although data is the new fuel which runs world, it is also a double-edged sword hence author also cautioned against data colonisation being not too far.
Risk: It identifies risks and gaps in areas such as regulatory policies, energy, water resource, network bandwidth, and risk & management of natural disasters which prevent market forces in India from playing its due role.
It also attempts to set a clear objective for regulators to formulate a business-friendly, unambiguous, and strict policy environment for data centre business in India.
India and Data
India is becoming a substantial data consumption market with one-sixth of human population and one-fourth of data consumption of world. The digital data consumption in India is expected to increase two times as fast as global rate (from 0.6 zettabytes in 2013 to 6 zettabytes in 2020). The key drivers for digital data consumption growth are sectors such as insurance, banking, telecommunications, IT, digital commerce, social media, and government sector.
In 2018, Indian data centre infrastructure market was valued at US$27 billion, which by 2020 is expected to be second largest market within Asia-Pacific region