INTRODUCTION
Data protection is commonly defined as the law designed to
protect your personal data. Data protection is the legal mechanism
that ensures privacy. While conceptually distinct from the
'right to privacy', most good data protection regulatory
frameworks are similar in the sense that they contain similar
principles for collecting, processing, and transferring personal
data.
For over two centuries, Oil has been considered one of the most
valuable physical assets in the world. However, in this age of
information, Data is gradually and steadily becoming the most
priced asset. According to Shivon Zilis, a partner with the venture
capital firm Bloomberg Beta, "Data is the new oil." David
Kenny, the general manager of IBM's (IBM) Watson data crunching
service, agreed with Zilis and said "the value of data goes up
every day AI (Artificial Intelligence) advances." He also
explained that only 20% of the world's information is stored on
the Internet, with the
