There Are 48,000 Petabytes of Personal Data on Australians, And One Group Says This Needs to Be Shared

If consumers shared more of their data, and businesses did more to encourage it, the Australian economy would be $16.7 billion larger by 2043, according to Deloitte Access Economics. The government-regulated Consumer Data Right (CDR) gives people some control over their personal data, but it should be expanded beyond bank accounts and energy needs, and instead, into retail, healthcare, and other personal and professional services. Deloitte said, in its report called Consumer Data Revolution, that banking and energy accounted for only 4 percent of total consumer data in Australia, compared with 59 percent held by software and information businesses in the technology sector. There are already around 48,000 petabytes of data on Australian consumers and their habits—the equivalent to every Australian taking and storing around 2,670 photos each day for a year on their phones....