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"Mirror worlds"—new dimensions of human life based on and fuelled by data—are bringing about a distinct economy. How will it work? Thread 👇 (1/9) econ.st/38U8dxY
It is estimated that the world will generate about 90 zettabytes of data—19 trn DVDs worth—this year and next. That's more than all data produced since the advent of computers (2/9) econ.st/2wOOG45
Deciding ownership and value of this data is difficult. Some want to treat their data as personal property, while others envision democratically sharing data as a free resource (3/9) econ.st/2PodpCK
Digital information once lived only on the device where it was created, but now more data flow to big cloud-computing factories (4/9) econ.st/38YOLAf
Very few firms dominate the cloud-computing market; the ones that do are able to train the most advanced algorithms (5/9) econ.st/38YOLAf
More and more businesses trust the cloud, and continue to move data to the computing skies. AI, which feeds off that data, can then help boost revenues and profits (6/9) econ.st/2TbRRtW
The flow of data is increasingly blocked by governments. Virtual borders are popping up in the digital cloud (7/9) econ.st/2Ti7mAw
The data economy as it exists today is already very unequal. America and China account for 90% of the market capitalisation of the world’s 70 largest platforms (8/9) econ.st/32olLiI
This gives way to a major question: how much wealth will the new data economy create, and how will it be distributed? Explore our special report here (9/9) econ.st/32olLiI
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