The world is responding to the growing importance of personal data and identity. This response is reshaping the world’s markets.
Regulatory, technological, cultural, and economic factors are shifting the context of personal data and identity: the what, when, why, who, where, and how. In light of these shifts, we’re witnessing the nature of personal data and identity change—i.e., the definition or lack thereof.
We are seeing shifts in personal data control, i.e., from organizations to individuals. As a result of the Internet of Things (IoT) use, AI, and other technical advancements, personal data is exponentially growing in scope and scale. Many stakeholders are waking up to the value of personal data—not just the idea that it is the “new black gold” but something entirely different; that it is a non-rivalrous, non-depleting, regenerative asset.