Page 137 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
nd
th
going to do. It is left to the discretion of the data if it is a personal data how much is the
organization to say by having privacy by sensitivity and then it is seen if there is a data
design but in PDPA, organizations have to breach how much of harm can be caused or
submit a policy document, get it certified. So how much is the significance of harm and then
the accountability of the organization is much the width of the data is looked at i.e. the wider
higher in PDPA than in GDPR. He said that the data the more value has to be given. He
India has also adopted a suggestion that there also discussed about a purpose-oriented data
should be something called data trust score is collection in personal data and said that value
extremely important as data score becomes a of data is dependent on the fact as whether it is
single parameter of something like credit rating for multiple use or for single and accordingly
on debt instruments. He elaborated about how its value gets depreciated.
do insurers really value the data and what
are the important parameters that should be CMA Arup Shankar Bagchi, Senior Director,
considered while valuing the data. Some of the HoD, BFSIB, gave the vote of thanks and
expressed his gratitude to the esteemed
parameters he mentioned, when a valuation
of data is done is - it is examined as whether presence for such an insightful webinar.
it's a non-personal data and personal

The Institute Of Cost Accountants Of India

137