As countries impose new requirements on data collection and governance, the flow of consumer data between countries and business entities is becoming more restricted than ever — making it difficult for companies to ensure they are in compliance with new regulations. The ongoing challenge to keep up with regulatory changes often means building expensive new compliance tools that could potentially dismantle the business models of many data-driven global companies. What does the regulatory landscape of today’s data governance world look like, and how can businesses adapt?
Nigel Cory, associate director for trade policy at the Information Technology and Innovation Foundation (ITIF), joined “Explain to Shane” to discuss how the patchwork of data regulations and privacy regimes across the globe is hampering digital trade and constructing more barriers to data retention across borders.
Below is an edited and abridged transcript of our talk. You can listen to this and other episodes of “Explain to Shane” on AEI.org and subscribe via your preferred listening platform. You can also read the full transcript of our discussion here. If you enjoyed this episode, leave us a review, and tell your friends and colleagues to tune in.