ICO Today Magazine News
Today society produces a huge amount of data each and everyday. In 2016, we generated 16.1 zettabytes of data and that number is expected to grow ten-fold by 2025. Data is now a vital element of all aspects of our daily lives. The growth of real-time data is enabling better data driven decisions in many socially impactful sectors such as: health, education, public transportation, technology, and urban planning. Data is addressing a range of societal issues and creating a more prosperous, safer, and healthier future for the next generations. However, only a small fraction of data is analyzed. Many organizations have collected vast amounts of data just to let it sit dormant in silos. Furthermore, users who have access to the internet are losing the value of their own data to few centralized platforms. Those who are digitally excluded, while also generating data everyday, are always at a loss since very little of their data is captured with the intention of benefitting their lives. The year is 2018, and yet, everyday we lose so much valuable data that could improve productivity and benefit to many.