The Art of A Good Unicorn | Startup founders, be careful as data is more liability than asset now
Hindustan TimesIndia has become a rapidly evolving digital landscape where technology reigns supreme. And therein lies the rub: The need for accountability and data protection brewing in Internet startups handling data in India’s burgeoning startup ecosystem. And so, in August 2023, India’s Rajya Sabha passed the Digital Personal Data Protection Act 2023 to redefine how digital personal data is processed. Or is there a perception that policymaking may not catch up to evolving technology, so much so that people in the startup realm may not be giving the Digital Personal Data Protection Act 2023 enough focus to understand how it affects these fledgling ventures? The Digital Personal Data Protection Act 2023 indicates that startups must gear up for a new era of data protection and privacy.