ABSTRACT
Chapter 6 reviews the analytics done in the earlier chapters and provides perspectives on how such outputs can be valued as part of economic activity. It then looks at different markets for privacy and anonymity and the players that participate in these transactions. This chapter highlights the difficulties of measuring data transactions and imputing a value to them. These difficulties accentuate the gaps in measuring national income and, over the longer term, may require a different set of metrics to compute GDP and its related measures. At another level, the impact of big data and its analytics will be to cause dislocation in labour markets as automation in both manufacturing and services becomes more prevalent. The effects are not only in lower-skilled work, but also in traditional professions and managerial positions. This chapter posits that the share of data transactions of the private sector and individuals will exceed that of the public sector as the volume of transactions grows in the future. But this will result in the public sector becoming more technology-intensive and active in regulating the new marketplace.
