There is a public policy under development regarding big data. Individuals have become more empowered of their rights regarding the protection of their personal data following laws 1266 of 2008 and 1581 of 2012.
There is very little specific regulation regarding data and risk management or analytical and research services.
As per resolution 828 of 2015, the Ministry of Technology and Communications adopted the strategic sectorial plan for 2014–2018. Big data is referenced in this plan as a matter that must be studied and regulated as it can be beneficial for Colombia.
In March 2016, Alianza Caoba, a center on Big Data and Data Analytics was born as the result of a public and private entities alliance. Such entity looks forward to developing an ecosystem for analytical capacities in Colombia and to create a public policy regarding Big Data and Data Analytics in Colombia in cooperation with the National Department of Planning.
Pursuant to Laws 1266 of 2008 and 1581 of 2012, specific regulations as to the protection of personal data have been enacted in Colombia. Under such regulations, the individuals referred in data are the owners of this information and thus, can request their information to be erased.
There are no official figures regarding in this connection. Data and risk management market in Colombia has is developing slowly. There are some enterprises that are already providing such services.
Alvaro Parra Gómez
Bernardo Rodríguez Ossa