Apple, IBM, BSA Reps Push for Maintaining International Data Flows
Regulators and policymakers should find ways to maximize international data flow through legislation and trade deals that recognize the public’s right to data privacy, Apple, IBM and BSA|The Software Alliance representatives said Thursday. It’s not about reducing data privacy enforcement,…
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said Apple Global Trade and International Affairs chief Lisa Pearlman, moderating a Washington International Trade Association panel. Finding balance between restricting and enabling data transfers is “one of the biggest challenges,” she said. IBM Market Access and Trade Director Steve Stewart said the more stringent data localization requirements, the less businesses can operate and compete. He noted two-thirds of IBM’s revenue comes from outside the U.S. It’s critical to get cross border data flow rules correct, said BSA Policy Director Joseph Whitlock. He claimed 98 percent of all international data ever gathered was created in the past two or three years. China is the most significant threat to international data flows, C&M International CEO Robert Holleyman said. In China, domestic companies have a clear advantage over international competitors because of data localization standards, he said. Artificial intelligence will have broad, economywide impacts on trade, said Brookings Institution Global Economy and Development Senior Fellow Joshua Meltzer. Large data sets are necessary to improve AI accuracy, he said.