1. The data divide: How emerging technology and its stakeholders can influence the fourth industrial revolution
- Author:
- Joseph T. Bonivel Jr. and Solomon Wise
- Publication Date:
- 10-2022
- Content Type:
- Special Report
- Institution:
- Atlantic Council
- Abstract:
- The Fourth Industrial Revolution is highlighted by the interconnection of devices and sensors to the internet. The computing and communication capabilities of these devices allow for roughly 2.5 quintillion byes of data to be produced, stored, and analyzed daily. For example, every second, an exponential amount of healthcare data is generated and mined for valuable insights. Today, approximately 30% of the world’s data volume is being generated by the healthcare industry. By 2025, the compound annual growth rate of data for healthcare will reach 36%. This data is fed into machine learning and artificial intelligence models that have strong impacts on multiple healthcare domains that have the potential to impact the socioeconomic statuses of billions of people across the world. Those entities that have functional access to data capital have more options than those that do not. The data divide is the gap that exists between individuals who have access, agency, and control with respect to data and can reap the most benefits from data driven technologies, and those who do not. The data divide can only be reduced if the there is optimization in the data process, monitoring and evaluation of the policies and programs from major stakeholders, and alignment of public private partnerships for social good.
- Topic:
- Science and Technology, Communications, Innovation, Data, and Fourth Industrial Revolution
- Political Geography:
- Global Focus