We often discuss the concept of Data Processing under “Data Blind” conditions. It essentially means that the processor does not have access to identifiable personal data which he is processing. The system is suggested for “Consent Managers”.
We are however discussing another aspect of “Being Blind to the Value of Data”. There are two examples in India where an organization being “Data Value Blind” suffered adverse consequences. One was Net4India which was liquidated probably because NCLT was blind to the value of data in the organization. Second was the case of CIBIL which quietly transferred data worth around Rs 700000 crores to a foreign organization for a mere Rs 3800 crores.
On the other hand there are multiple examples in US where data valuation has been used to ward off bankruptcy proceedings.
If you are interested in this topic of “Data Valuation”, Please be present on July 17 at Palmgrove, Chennai where FDPPI/AIDAI will be discussing the issues on Data Valuation. (Check for details at www.aidai.org.in)
Naavi
