How does the right to data portability empower consumers, and what challenges does it pose for businesses?
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How does the right to data portability empower consumers, and what challenges does it pose for businesses?
The right to data portability empowers consumers by allowing them to obtain and reuse their personal data across different services. This can enhance competition, innovation, and consumer choice by enabling individuals to easily switch between providers. However, it poses challenges for businesses in terms of complexities in ensuring data security, privacy, and compliance with various regulations, as well as potential costs associated with developing the necessary technical capabilities for seamless data transfers.