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Winter Journal

Volume 30, Issue 4

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Thursday, 11 January 2018 15:43

How Data Sovereignty Will Affect IT in 2018

In 2017, many enterprises came to the realization that the center of data gravity is shifting. Whether it is structured or unstructured, at rest or in transit, enterprise data has moved beyond centralized corporate data centers to the distributed digital edge. The edge is where all the elements giving rise to real-time data generation exist, so it is becoming obvious to organizations to build that into their data strategies.

For enterprises to extract the most value from their data, they must re-think their IT architectures. Pushing workloads closer to the data at the edge helps overcome latency issues that dramatically slow application and analytics performance, creating an unpleasant experience for users. However, architecting for the digital edge comes with important considerations around balancing protection of data with accessibility, and rules governing data movement and placement. One of these critical considerations is the merits and challenges posed by localization of data, which may include the need for compliance with complex personal data protection requirements. The much talked about term this year - data sovereignty -  is all about ensuring that there is clarity around where the data is located and what laws it is subject to, which is a big challenge for the cloud adoption trend facing organizations.

There are various reasons such as data privacy, cyber security, protectionism and economic growth that policymakers cite when pushing for regulation in this area, whether more general or industry specific regulation. Consolidated Audit Trail (CAT) reporting in the U.S. requires companies to log every securities transaction and ensure the accuracy of timing services at the nanosecond level. The Markets in Financial Instruments Directive (MiFID ii) in the European Union imposes new reporting requirements and tests on investment firms.