It is no doubt that technology plays a crucial part in our daily lives than ever before, due to the global economy gone digital and the increased communications across borders facilitated by the Internet. Moreover, companies around the world highly depend on innovations driven by personal data to do business with clients all around the globe. That means that the amounts of personal data being processed, as well as the processing operations themselves have increased significantly. It is no exaggeration to say that personal data has become tools of the trade for almost every company there is.
In this picture, international data transfers have had an essential and rather positive impact on the global business.