Source: Geospatial world
“The goal is to turn data into information and information into insights”- Carly Fiorina
Data has replaced all essential items to become the most valuable commodity in the 21st century. Over the last few of years, there has been a considerate increase in the amount of data that is generated and processed with the usage of different devices and applications.
Section 2(1)(o) of the Information Technology Act, 2000 defines "data" to mean “a representation of information, knowledge, facts, concepts or instructions which are being prepared or have been prepared in a formalised manner, and is intended to be processed, is being processed or has been processed in a computer system or computer network, and may be in any form like computer printouts magnetic or optical storage media, punched cards, tapes or stored internally in the memory of the computer.”
Companies and businesses these days derive a significant value by analysing the ‘big data’ and regulate their working strategies based on such research models. While the fact that such analyses bring efficiency into the business cannot be denied, however, the burning question thus arises is ‘whether people have an idea or control over the manner in which the data concerning them is accessed and used by others?’
Data can be categorised differently into personal data and public data. Public data may include court records, birth records which can be made available to the general public. On the other hand, sensitive private data means personal information consisting of either security passwords, financial information like bank account or credit/debit card details or