Big data is the new oil

What are the externalities? When do we reach peak data?

Cloud data mining by the National Security Agency (NSA) and other secret services globally has further fuelled concerns about industrial espionage and privacy. Any realistic attempt to address these concerns requires radical changes in data architectures and legislation.

• The physical locations at which data is stored, and the physical locations through which data travels are increasingly unknown to the producers and consumers of data.
• Data ownership and the responsibility of data custodianship is increasingly impossible to determine, as deep Web service supply chains transect multiple contracts and jurisdictional boundaries.
• Local (national) privacy legislation is increasingly impossible to enforce.

Keywords: privacy, behaviour, big data

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