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Inside the new business that could soon rewrite rules of the data game

Conglomerates such as the Hiranandani group and the Adanis are placing big bets in data outsourcing facilities.

By Himanshi Lohchab, ET Bureau |Updated: January 21, 2020, 03.01PM IST
NEW DELHI: Whether data is the next oil is debatable, but what can’t be up for debate is the surge in data production and consumption in India. And with the government’s mandate on data localization and data-driven business ecosystem driven by 5G, ventures in the data centre space are the next big thing for investors. Conglomerates such as the
grey area, analysts say. “While the ownership of personal data is unambiguous, the service providers are custodians of data and should be treated as such,” said Rao. “The question of service provider accountability is moot as one can argue for against the merits vis-à-vis economics. That said, prevention is always the best option compared to recovery,” he added.

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