Delve into the concept of digital sovereignty and its implications for nations and industries in the age of data.
Digital sovereignty refers to the ability of a nation or community to control its own digital environment, data, and technological resources. In an increasingly interconnected world, where data flows across borders, the concept has become crucial for ensuring that nations can protect their citizens' rights, privacy, and security. It emphasizes the importance of local data storage, local processing of information, and the ability to legislate over one's digital assets. Digital sovereignty is not only a matter of national security but also an economic consideration, particularly for industries reliant on data-driven technologies.