Google CEO Eric Schmidt spoke on a panel at Techonomy today and offered some juicy facts and perspective worth taking note of. Here are some of the key quotes I picked up from his contribution to the conversation.
On the New Explosion of Data
"There was 5 exabytes of information created between the dawn of civilization through 2003," Schmidt said, "but that much information is now created every 2 days, and the pace is increasing...People aren't ready for the technology revolution that's going to happen to them."
Schmidt emphasized that much of that data explosion is attributable to the rise of user generated content. With that data comes powerful new analytic possibilities.
"If I look at enough of your messaging and your location, and use Artificial Intelligence," Schmidt said, "we can predict where you are going to go."
"Show us 14 photos of yourself and we can identify who you are. You think you don't have 14 photos of yourself on the internet? You've got Facebook photos! People will find it's very useful to have devices that remember what you want to do, because you forgot...But society isn't ready for questions that will be raised as result of user-generated content."
On Anti-Social Behavior and Data
"The only way to manage this is true transparency and no anonymity," Schmidt said. "In a world of asynchronous threats, it is too dangerous for there not to be some way to identify you. We need a [verified] name service for people. Governments will demand it."
Those are some of the things Schmidt said today and his comments proved fairly controversial. (Reader comments on my coverage at ReadWriteWeb are primarily negative, for example.) Of course all this data will also help predict disease outbreaks and other crises, as well.
Do you feel ready for the technology built on top of this huge wave of data? What do you think about Schmidt's strategy for dealing with the risks of it?
Photo of Schmidt by Jolie O'Dell under Creative Commons.