AI, IoT and Consumer Privacy

By: Richard P. Lawson
– Retail Merchandiser
It has been estimated that 80 percent of the world’s data has been created in the past two years, and by all reasonable measures, we are only just getting started. Already, 2.5 billion gigabytes of data are generated per day. To give some context, a review of one gigabyte of emails is estimated to take about 500 man hours. Accordingly, a review of 2.5 billion gigabytes of data would take countless lifetimes.
 
Further, this number is set to explode in the next few years as the Internet of Things takes off, with estimates running from 20 billion connected devices on the low end to 50 billion on the high end, each generating yet more data. This deluge will be simply unintelligible without the addition of artificial intelligence. The combination of AI and IoT will affect the consumer experience in degrees that make the past few decades of technological innovation pale by comparison.
 

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