Data is everywhere and it’s growing at an alarming rate
Data is growing at an alarming rate. By 2020, the total amount of data created on Earth will be 250 zettabytes, or 250 trillion gigabytes. But not all of this data is created equally. According to a study, “The total value of the world’s digital media market was valued at $2.7 trillion in 2017 and will reach $7.3 trillion in 2020.”
The European Union has responded to this challenge by creating a data plan that will help make Europe a leader in the new data economy. Interestingly, it also has a goal of helping every European citizen be better connected to the Internet by 2020.
https://ssrn.com/abstract=2902879## [ARTICLE END]
The growth of data is making it more difficult to control and protect our information
With so much data generated and stored on our various devices, the growth of digital intelligence makes it increasingly difficult to control and protect our information. For instance, when was the last time you took a few days without checking your email? More and more of us are spending more and more of our days online. For example, Google reported 74% growth in the number of Gmail accounts. And the number of Facebook accounts has increased 35%. Additionally, in 2013 Amazon reported a 10% growth rate in its Kindle user base, and a 15% increase in its number of installed applications.
Social media is one of the reasons data has become more difficult to control and protect. Due to the nature of social media activity, it is very difficult to ascribe the sender to any particular email or Facebook post. It is not simply that we have more data to control; rather the nature of the data makes it difficult for us to understand our digital footprint.
We need to find better ways to manage and use data in order to stay ahead of the curve
The amount of data created each day is continuously increasing. We must find better ways to manage and use it in order to stay ahead of the curve. For example, a good way to use data effectively is to maximize the value of data that is used. [more on this later].
Article background information: Data: “The amount of data created each day is continuously increasing” [why do we need better ways to manage and use data?] ” We must find better ways to manage and use it in order to stay ahead of the curve” [what are the challenges?] For example, a good way to use data effectively is to maximize the value of data that is used. [when is data used effectively? what are the benefits?]
There are many benefits to using data, but we need to be careful not to abuse them
There are many benefits of using data. We can use data to predict future events, to measure the effectiveness of certain programs and policies, and to make more informed decisions. But the rise of digital intelligence, especially the increased use of artificial intelligence or AI, means that we must be careful not to abuse them and cause unintended consequences. For example, a recent study found that facial recognition software has an error rate of 1 in every 549 people who have been apprehended by the police. These errors can have serious consequences, especially as we see racial bias affect AI technology today.
Data is not always accurate. Even with the best technology and researchers, data can be manipulated or misinterpreted. In fact, there are often known biases in many datasets we use today. For example, Google search data has shown that searches for the term “unprofessional hair” were more common than searches for the term “professional hair” from 2011 to 2016. But this is likely the result of an incorrect algorithm filtering the search results.
We need to find a way to balance privacy with the benefits of data sharing
Data has become a powerful tool for building a better life. Our lives are more efficient, we can learn from each other and from our mistakes, and we can share experiences with others in the interest of the greater good. But with so much data being created, how do we ensure that our privacy is protected, while sharing that data for the greater good? Because of the increasing power of big technology companies and the unintended consequences of data misuse in recent years, there are those who say privacy is dead and should be completely abandoned. This is not the case. We need to find a way to balance the benefits of sharing data and protecting our privacy, so that we can move forward as a society. We will achieve this in part by ensuring that our data is secured, and that it is used properly. We must also ensure that we maintain accountability. Ultimately, privacy and data sharing can and should coexist.
We are not going to get everything right the first time. A few years ago, Facebook published a manual on social norms and how they were applied to its user base . Their goal was to learn about how people use the site and to adapt accordingly. But it took four years for the manual to be published, during which time the company struggled with how best to balance privacy and sharing. This is a typical example of how we need to balance privacy and data sharing in a way that benefits society. As we are all on this journey together, we need to ensure that our personal data is secured while also ensuring that it is used appropriately. We will achieve this by using a range of tools to ensure that our data is safe, and that we can trust the uses of it.