At a time, AI is threatening the credibility of the Internet as a medium of communication and perhaps even the human race, we at the “CXO Cywayz “are discussing the future of Data Privacy and how to strategize to bring balance Innovation and Privacy .
Like the ever lasting battle between Security and Privacy, Technology Innovation is also a continuing challenge to Innovation or vice versa.
Innovators often forget that they live in a society and all their innovations have value only if the society survives and functions in an orderly manner. Privacy regulations is one such aspect which should be considered as a necessity to be incorporated into all innovative outcomes of technology.
We in India are today in the period of dawn of DPDPA and Data related business and profession will never be the same again. What we did for the last decade need to be renewed. What we learnt may have to be unlearned because DPDPA is likely to disperse all our current strategy outcomes.
The output from the prism of DPDPA may look colourful but it comes in shades of red as well with a huge penalty lurking in the background threatening the existence of the company that ignores DPDPA.
Setting up a “Data Governance and Management System” (DGPMS) to respect law and ensure a balance between Innovation and Privacy is the way to go. The strategy for this approach lies in DGPSI the unique framework -Data Governance and Protection Standard of India. ISMS and PIMS associated with other frameworks need to yield the way to DGPMS powered by DGPSI.
Bringing harmony between Innovators in technology and the legal community fighting for “Namma Privacy” lies in the unique concept of DGPSI which speaks of “Compliance By Design” as a modified approach to “Privacy by Design”. Why this Compliance first approach is different from Privacy first approach requires a longer debate.
For the time being we can conclude that the future of balancing Privacy and Innovation through a strategic approach belongs to DGPSI and its adoption in the industry.
Naavi
