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Volume 31, Issue 2

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Friday, 03 August 2018 16:56

Data Here, Data There, Data Everywhere

The Need for a Chief Privacy Officer

Nearly every day we hear about another data breach at a major corporation, making the case for a chief privacy officer (CPO) more compelling now than ever. Adams and Reese attorney Roy Hadley discusses the various reasons organizations should employ a CPO.

2.5 quintillion bytes of data — that’s the amount of data estimated by some to be created every day.

Yes, that is 2,500,000,000,000,000,000. Every day.

To put that number into perspective, the length of 1,000,000,000,000 (one trillion), $1 bills laid end to end measures approximately 96,906,656 miles. This would exceed the distance from the earth to the sun. A quintillion is equal to one million trillions. That is a long line of dollar bills!

While a mind-boggling number, it is estimated that due to the internet of things, this amount of data created will continue to grow. It is amazing how this data is created. According to Forbes.com, more than 3.7 billion humans use the internet every day. On average, Google processes more than 40,000 searches every second, which translates to 3.5 billion searches each day. Further, every minute of the day, Snapchat users share more than 500,000 photos.

In short, the amount of data we are creating is hard to fathom.

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http://www.corporatecomplianceinsights.com/data-data-data-everywhere/