Technology Magazine September 2022 | Page 127

TECH & SERVICE PROVIDERS

For the full potential of data to be realised , Foster argues that these challenges “ need to be faced head on ” and that “ we need clear rules and regulations for how AI can be deployed , and the governments must set out what is and isn ’ t allowed ”.

Foster cited the example of even artificial intelligence ( AI ) deciding targets in warfare : “ When it comes to the widespread deployment of new technologies , ethics is of equal importance as law and only then will the public trust how their data is being used .”

The difference between data residency and data sovereignty “ These terms are similar as they both relate to where data is stored , but they are very different ,” said Phil Bindley , Managing Director of Cloud and Security at Intercity ; an innovative and people-centric IT services company .

“ Data residency refers to the geographical location of data , whereas data sovereignty relates to the laws and governance structures that data is subject to , due to the geographical location of where it ’ s processed .

He added : “ The location of data has become increasingly important due to an increased demand for cloud storage as many businesses shift to hybrid and remote working . In real terms , ParkMyCloud reported that three quarters of enterprises

“ Techno-nationalism is a new strain of mercantilist thinking that links technological innovation and capabilities directly to a nation ’ s national security ,

economic prosperity and social stability . The state , therefore , must intervene and guard against opportunistic or hostile state and non-state actors . Technonationalism seeks to attain competitive advantage for its stakeholders , both locally and globally , and leverage these advantages for geopolitical gain .”

Alex Capri , Forbes Contributor .

PHIL BINDLEY

MANAGING DIRECTOR - CLOUD AND SECURITY , INTERCITY TECHNOLOGY LTD

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