ARTICLE · 14 DECEMBER 2017

Data Protection: New Challenges Ahead

Juristconsult Chambers

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The much awaited Data Protection Bill (the "Bill") was on the Order Paper at the National Assembly for first reading yesterday.

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Shalinee Dreepaul Halkhoree

The much awaited Data Protection Bill (the "Bill") was on the Order Paper at the National Assembly for first reading yesterday.

We protect what is valuable. And the more something is valuable, the need for protection increases.

This is exactly the case for data, which is today regarded as the world's most valuable resource. Data is to this century what oil was to the last. As per The Economist (06/05/17), the five most valuable listed firms in the world are the giants that deal in data, namely, Alphabet (Google's parent company), Amazon, Apple, Facebook and Microsoft. Their profits are surging: they collectively made over $26 bn in net profit only for the first quarter of 2017.

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