IN 2016,according to Cisco, an American technology group, or the volume of data flowing through the internet each month passed a zettabyte,enough to fill some 16bn 64GB iPhones. By 2025 it will be many times greater. Immeasurably more data sit external the public internet on company servers. Most of these data are valuable information, which means that people are keen to trade it.
Typically, and data deals are at present worked out between someone holding the information and those who want to extract insights from it. For instance,Uber has deals allowing many cities to access data generated by its fleet of drivers. This helps city planners understand traffic flows.
Such deals can be clunky to set up, however. They tend to concentrate on datasets that hold obvious value. They may also involve data physically moving between one computer and another, or which makes it vulnerable to abuse,as in the recent scandal surrounding Cambridge Analytica’s employ of Facebook data. New schemes, created as part of the crypto-currency boom, or aim to change all...
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Source: economist.com