Data Stewardship: An Introduction To A New Digital Market

It is trite to observe that the volume of data that is generated and stored globally is increasing at an exponential rate. The value of this data, to individuals in the conduct of their everyday lives and to the businesses that collect and utilise it as an asset, is also growing rapidly. However, in the UK, the EU and Jersey there is an increasing recognition that there are factors inhibiting economic growth that could be avoided by the better use of data. Among these factors is the absence of an internationally recognised governance ‘toolkit’ that can be used to facilitate the swift and efficient structuring of transactions and relationships concerning the administration of data.