Data privacy, data security big challenges of digital world, says Jaishankar

External Affairs Minister S Jaishankar on Thursday said data security and data privacy are the biggest challenges of the digital world and issues connected to them are expected to be addressed during the G20 meetingThe EAM was addressing the Festival of Thinkers organised by the Symbiosis International University hereJaishankar said the G20 meeting was taking place at a time when factors like the UkraineRussia war the COVID pandemic and its effects on the world stage had created multiple layers of stressStressing that one of the new factors at play was digital he said 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 preferencesSpeaking on how power among nations will be determined in the background of digitisation he said there was a time when wealth and military strength and gold reserves decided this power while later it was oilNow 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 opinedAlso read No challenge is as sharp as that of national security JaishankarThe 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 explainedHaving more resilient reliable and multiple supply chains was a major concern and need in the manufacturing world while similarly in the world of data there is need for more trusted practices to ensure privacy is respected and conveniences of life do not become a vulnerability for each one of us as well as for the the nationThis 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 northsouth countries developing tension flowing from COVID and other issues he said Technology is a hugely complicated factor the External Affairs Minister saidThese technology its implications and complications are really the issues which G20 in some form is expected to address he addedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever