EDB partners World Economic Forum to launch roadmap on data flows

MANAMA: The Economic Development Board, Bahrain's main investment promotion agency, has partnered the World Economic Forum to launch a new Roadmap for Cross-Border Data Flows to help drive global tech-based collaboration.

The framework helps countries and regions embrace the Fourth Industrial Revolution at a time when restrictions on data movement pose serious threats to the global digital economy.

By following the recommendations set out in the Roadmap, policymakers can build best-practice legislations and harness the economic and social benefits of data-reliant technologies such as Artificial Intelligence and Blockchain.

The practical Roadmap includes country-level policy building blocks designed to harness the benefits and minimise the risks of cross border data sharing.

For some countries, such as Bahrain, small upgrades will be necessary as they have inspired the core principles by their own actions, whereas for others the framework may represent a full-suite starting point.

The kingdom has recommended countries form working group to explore implementation.

Read the full story in tomorrow's GDN

Source: www.gdnonline.com/Details/825022/EDB-partners-World-Economic-Forum-to-launch-roadmap-on-data-flows