SHAPE THE FUTURE OF DATA STEWARDSHIP ON THE ISLE OF MAN

In today’s data-driven world, information is more than just a collection of facts and figures; it's an invaluable asset. Recognising this, the Isle of Man is taking a bold step forward with its innovative Data Stewardship framework, setting new standards for the responsible and strategic management of data assets. Whether it's ensuring international compliance, fostering trust through transparent governance, or unlocking commercial opportunities, this pioneering framework is designed to help businesses and governments leverage data in transformative ways. 

What is Data Stewardship? 

At its core, data stewardship is about viewing data as an asset, like financial or physical resources. This means ensuring that data is not only protected but also used responsibly and effectively to drive growth, innovation, and trust. The Isle of Man’s approach to data stewardship goes beyond traditional methods. It provides robust legal resilience, global compliance, and opportunities to derive value from data assets. 

With the Isle of Man’s unique framework, businesses can confidently manage their data while adhering to global standards of privacy and compliance. Data is recognised as a key asset, treated with the same level of importance as any other resource on a balance sheet. This approach ensures organisations can maximise the benefits of their data, from safeguarding sensitive information to fostering secure and responsible data-sharing collaborations. 

A Framework Designed for the Future 

The Data Stewardship framework is built on the principles of transparency, responsibility and innovation. It offers a variety of benefits, including: 

• Commercial Data Partnerships 

• • Unlike traditional legal structures, the framework allows for more flexible and dynamic commercial activities involving data assets, blending profit motives with purpose. 

• International Data Compliance 

• • Designed to meet global data protection standards, the framework ensures that organisations can confidently engage in international data initiatives, even as data crosses borders. 

• Building Trust in Data 

• • By establishing transparent and responsible frameworks for data sharing, the framework fosters trust among stakeholders, enhancing the integrity and value of data assets. 

• Legal Resilience 

• • With strong legal protections, businesses can defend their data assets against potential challenges, maintaining the security and stability of their operations. 

• Structured Data Governance 

• • The framework provides tailored governance structures that align with the unique objectives of each organisation, ensuring data is managed in a way that supports long-term business goals. 

Workshops to Shape the Future 

To introduce and refine this framework, Digital Isle of Man is hosting a series of exclusive workshops in October. These sessions provide a unique opportunity for business leaders, policymakers, and data experts to learn about the Data Stewardship Foundation and contribute to shaping its future. 

Why Attend? 

• Influence a Ground-breaking Initiative for the Isle of Man and Globally 

• • Your insights and feedback will directly influence the development of the Data Stewardship Foundation and inform potential amendments to the Isle of Man’s Foundations Act. 

• Explore Global Compliance Strategies 

• • Discover how the framework addresses pressing data challenges, from managing high-risk AI datasets to ensuring compliance with international regulations. 

• Engage with Industry Leaders 

• • Collaborate with the Open Data Institute (ODI) and other industry experts to explore best practices and regulatory innovations in data stewardship. 

What to Expect 

Latest Research on Data Stewardship

Gain insights from cutting-edge research and learn how it will shape the design of the Data Stewardship Foundation. 

Data Best Practices & Regulation 

Understand how best practices are being incorporated into a regulated code of data stewardship. 

Industry & Government Engagement 

Discuss strategies to enhance the Isle of Man’s role in the global data market and shape the future of data governance. 

Don’t miss this opportunity to engage with a forward-thinking community and help define the future of data stewardship. Register now and be part of the data conversation.

15 (9 AM-11:30 AM) or 29 October (2 PM-4:30 PM) 

Colonnade Suite, Villa Marina