“Data is the new oil.” “Data is not the new oil.”
Whichever statement you agree with related to data, most of us can definitely agree that data is important. Data is the engine that AI runs on. As more data gets generated through smart devices like never before, companies are working aggressively to profit from this “Big Data”, and cities/governments need to proactively monitor, facilitate, and come up with policies and laws for proper data usage.
For example: The California Consumer Privacy Act (CCPA) is a new data privacy law that applies to certain businesses which collect personal information from California residents. The new law goes into effect on January 1, 2020. This is an important step taken by the state of California and it won’t be surprising that other states follow suit.