“Pro-Reactiveness shown by biggies”
Data protection norms in EU may hurt Indian IT sector:
Nasscom
Nasscom
NASSCOM reported on 13th January 2014 that Data protection norms may hurt Indian IT, a billion dollar industry.
Focus on Acquisitionsà
Has the IT organizations shown pro-activeness or did they pre-empt European data regulation norms. Europe showing signs of recovery after sovereign debt crisis.Data protection norms may hurt billion dollar Indian IT-ITES industry.
Above listed organizations have shown pro-activeness by acquiring firms in Europe and their-by the data protection law shall stand null & void. Almost all the organizations reported that they wanted to strengthen their Analytics, ERP or electronics engineering arm. However, the fact can be that they might have anticipated bottleneck in terms of transferring European personal data to India. Or is it that organizations wants to increase their presence by acquiring firms in various geographies.
Infact, I strongly feel reverse data migration is taking place. UIDAI agrees to share contract agreement with French and US biometrics technology companies.
Caveat: Observations are absolutely personal and no ambush is intended.
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