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Personal data : the emergence of a new asset class

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      <subfield code="a">Personal data</subfield>
      <subfield code="b">: the emergence of a new asset class</subfield>
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      <subfield code="a">The rate of increase in the amount of data generated by todays digital society is astounding. According to one estimate, by 2020 the global volume of digital data will increase more than 40-fold.4 Beyond its sheer volume, data is becoming a new type of raw material thats on par with capital and labour.5 As this data revolution era begins, the impact on all aspects of society  business, science, government and entertainment will be profound. The current personal data ecosystem is fragmented and inefficient. For many participants, the risks and liabilities exceed the economic returns. Personal privacy concerns are inadequately addressed. Regulators, advocates and corporations all grapple with complex and outdated regulations</subfield>
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