Final answer:
Important elements of the data minimization principle include collecting only data that is strictly necessary for a specific purpose and retaining data only for the duration it is needed.
Step-by-step explanation:
The principle of data minimization is a key concept in data protection that aims to ensure that only the necessary data is collected and retained for a specific purpose. This principle is essential for safeguarding individuals' privacy and is commonly embedded in various data protection laws and regulations.
As indicated by the options provided in the student's question, option 2 (Only collect data that is strictly necessary)and option 4 (Only keep data for as long as it is needed) align closely with the principles of data minimization.
Only collect data that is strictly necessary: This means that organizations should only collect data that is required for the specific purpose and objective for which it is being collected.Only keep data for as long as it is needed: Data should not be retained for longer than the necessary period to fulfill the purpose for which it was collected.Only delete data that can be easily replaced: Organizations should carefully assess the value and replaceability of data before deleting it. If the data can be easily replaced or recreated, it can be deleted.