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Can personal data be considered a trade secret?

By Amaraduhita Laksmi Prabhaswari, Research Assistant at Faculty of Law University of Indonesia, Universitas Indonesia

Have you ever wondered why some people say “Data is the New Oil”?

First coined by British mathematician Clive Humby in 2006, the statement illustrates how, similar to oil/mining, personal data is a valuable asset that generates huge profit. Businesses, governments, and SMEs treat data as a key intangible asset for success.

Humby’s view has both received traction…

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