The data of MNCs need to be transferred and flowed between different regions, and due to the differences in regulatory requirements in different countries and regions, the process of cross-border data flow may face double or multiple jurisdictions and regulations, and the motives that cause MNCs to carry out cross-border data governance can be categorized into three types, such as business model, centralized operation and compliance regulation.
As countries and regions around the world begin to focus on and regulate cross-border data flows, multinational companies are beginning to face various challenges in conducting global business based on cross-border data flows.
It is generally believed that data governance involves both security and development dimensions, but currently there is no mature model for reference globally. Due to the prominent problems of privacy leakage, personal information abuse and data security, which are harmful to the legitimate rights and interests of citizens and even national security, countries and regions including the EU, China, Brazil and India are led by the government to formulate the top-level design of data governance rules, and enterprises, as the subjects of the aforementioned problems, are often in a passive state of acceptance. In practice, data from production to circulation and utilization are generally accomplished by multiple participants, and data are widely available in terminals, networks, platforms and systems and under the control of multiple parties. The reasonable opinions of enterprises on rules based on data practices should be given sufficient attention, otherwise they will face difficulties in the process of implementation.
As the global economy is gradually shifting to a digital economy, the ability and extent of data utilization will become one of the core competencies of multinational companies and will help shape their competitive advantage in the global market. Therefore, MNCs must take necessary measures to meet the challenges of cross-border data governance, which is an important proposition that MNCs must answer in the era of digital civilization.
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