GRIP Forecast 2024 – Data governance and the Cloud

The GRIP team looks into the crystal ball and does some plain speaking about what the future might bring – this time examining possible developments connected to data, data governance and the cloud.

Carmen Cracknell, Senior Reporter

The monopolization of cloud services should continue to be a concern for regulators.

DORA may worsen this by concentrating third-party services in the hands of a few key players.


Jean Hurley, Commissioning Editor

Growing complexity and divergence of global privacy laws will make governance very expensive.

If you don’t invest enough then fines and cyberattacks will follow.


Martin Cloake, Managing Editor

I’d reiterate my comments about tension between big tech and governments and the growing importance of intellectual property rights.

Martina Lindberg, Production Manager


Data governance and residency will continue to remain a key focus – and will create both opportunities for data archiving companies (based in certain key or neutral jurisdictions), as well as serious data residency concerns for all companies that are increasingly required and expected to comply with local rules and regulations.


Thomas Hyrkiel, Head of Content Services

In this area we will see the continuing of the shoring up of the perimeter by the EU, US, China, India, etc. All increasingly recognizing how valuable data, particularly granular data connected to manufacturing, distribution and consumption really is and how it can easily be exploited by global competitors.

Rules around data residency will become a massive economic advantage for companies founded and initially based in those jurisdictions.

Part of the cost of entry into those markets will not only be the cost of compliance with local rules and regulations, but the ability to store all customer data locally.