Data privacy, data security big challenges, G20 meet expected to address them: Jaishankar

External Affairs Minister S Jaishankar on Thursday stated information safety and information privateness are the largest challenges of the digital world and points linked to them are anticipated to be addressed through the G20 assembly. The EAM was addressing the ‘Festival of Thinkers’ organised by the Symbiosis International University right here.

Jaishankar stated the G20 assembly was going down at a time when components just like the Ukraine-Russia struggle, the COVID pandemic and its results on the world stage had created “multiple layers of stress”.

Stressing that one of many new components at play was digital, he stated, “We still have not fully appreciated it but digital has changed our lives. Every time you look at the screen, you are learning something but somebody is also learning something about you, your habits, your likes, dislikes, demands, and preferences.”

Speaking on how energy amongst nations might be decided within the background of digitisation, he stated there was a time when wealth and navy energy and gold reserves determined this energy, whereas later it was oil.

“Now, there is a new term ‘data is the new oil’. What does it mean? It actually means every digital transaction contributes to artificial intelligence, the creation of which will actually determine what is the balance of power among nations in the coming years,” he opined.

“The biggest challenge today when it comes to anything digital is data security and data privacy. What it boils down to is who sees your data, who harvests your data, who monetizes your data, who utilizes your data and what power do they have over you as a result of all this,” Jaishankar defined.

Having extra resilient, dependable and a number of provide chains was a serious concern and want within the manufacturing world, whereas, equally, on the planet of information, there may be want for extra trusted practices to make sure privateness is revered and conveniences of life don’t grow to be a vulnerability for every certainly one of us in addition to for the the nation. “This is the a scenario of the world. It is a scenario where we have both east and west friction or tension flowing from (war in ) Ukraine, north-south countries developing tension flowing from COVID and other issues,” he stated.

Technology is a vastly sophisticated issue, the External Affairs Minister stated.

“These (technology, its implications and complications) are really the issues which G20, in some form, is expected to address,” he added.

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