Speakers at a recent Sydney conference pointed to the proliferation of “quantified-self” devices such as wearable computers in their discussion of the potential economic and privacy implications in the transmission of significant amounts of personal information. “Using this stuff, we become Big Data,” said speaker Kevin Kelly, co-founder of Wired. Those with powerful computers are capable of making the most money off others’ information,” said another expert, creating income inequality in developed economies. “If you create a world where everybody’s sharing information openly, it is not the case that everybody benefits equally from that.”
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