Digital data are the capital of the future – and that capital is growing unstoppably. In 2018 there were around 33 zettabytes of data (a zettabyte is a 1 with 21 zeros), but by 2025 there will be 175 zettabytes in circulation. And this will by no means be all that the binary system has to offer.
Data quantities in businesses are rising especially fast. By 2025, businesses will be producing around 80% of all data – whereas today, end users and businesses use approximately the same amount.
This digitalisation, and the value and use of data, are confronting most companies’ business models with completely new changes. There are big opportunities, but also many challenges. This applies also to businesses whose models are not data-driven, because value-adding and supply chains are digitalising at an exponential rate.
Decisions made now will decide whether a business surfs the digital wave of the future or is drowned by it. The potential that lies in the data that businesses are creating and storing means lots of opportunities – but also risks.
There are the rising demands on cyber security and IT and data security, which are among the increasingly stringent compliance duties of business leaders.
Completely new questions are raised by the use and commercialisation of data, such as in the context of Big Data, AI robotics and networked data structures in digital ecosystems such as the European GAIA-X. Who owns data, who has control of it, and how can data usage be commercialised? How is the value of data shown in a company balance sheet? And then there are recently formulated questions relating to data ethics and corporate digital responsibility (CDR).
Finally there is data protection law (GDPR/BDSG), which is still in its early stages in terms of official monitoring and case law. And here’s another fast-changing field: fines and data privacy litigation can be used against businesses by the authorities, competitors and consumer associations.
Here are the major data themes for businesses:
Unusual times demand unusual solutions – like Data.Law by ARQIS. Data.Law by ARQIS offers our clients a new type of innovative, holistic, data-related legal service:
a technically adept, integrated data consultant who can solve any data issue – in its context and in its entirety – using a one-stop approach. One who tackles and implements change projects and digital challenges together with the client. Regardless of legal field or industry. Nationally and internationally.
This ground-breaking consulting approach is based on a combination of competencies which Data.Law by ARQIS can draw upon.
Tobias Neufeld led the development of an innovative consulting service at ARQIS for data protection law. Data.Law by ARQIS is based on the design thinking approach to work. Unlike many methods in science and legal practice, which approach tasks in terms of their legal solvability, this method focuses on the business. Design thinking enables us to overcome traditional, outdated thinking, learning and working models, and to solve complex problems creatively in order to master digital transformation.
has been a partner at ARQIS since 2020. He has decades of experience providing data consultancy services to national and international enterprises. Before joining ARQIS Tobias established and headed the German data protection unit at a major multinational law firm. He was also a member of the worldwide Data Privacy & Cybersecurity unit at that same Magic Circle law firm. Tobias has Certified Information Privacy Professional – Europe (CIPP/E) and Certified Information Privacy Manager (CIPM) certification from the world’s largest data protection organisation, IAPP.
According to Chambers Europe he is a data protection consultant with “outstanding expertise” and “an excellent communicator with fast reactions and a strong client orientation”. He also “draws on in-depth legal knowledge to deliver first-rate advice”. Legal 500 Deutschland 2019 describes his work in the field of data protection as “efficient, clear and incisive” and emphasised his “diverse expert knowledge“. It also described him as “adept in complex international issues”.
Tobias shares his data protection expertise as a visiting lecturer at the University of Münster (WWU), as lecturer and executive board member for the JurGrad (LL.M. course), and in various lecturing engagements and publications. He is a member of the advisory board at the ‘Compliance Berater’ magazine.