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Will Privacy Keep Companies From Striking Big Oil?

PRIVACY THINKING

April 29, 2013

In previewing his talk at the IAPP Europe Data Protection Intensive, Big Data thinker Andreas Weigend equated Big Data with Big Oil. There is, of course, a key difference: “We’re not going to run out of data anytime soon,” Weigend told the crowd in London. “It’s maybe the only resource that grows exponentially…Maybe every 1.5 years we’re seeing data double, and much of that data is social data, data about ourselves.” In order for the economy to capitalize on that abundant resource, he said, personally identifying data is going to need to flow freely. Are we in danger of stoppering up the gushers?
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