Global survillance economic results

An article in The Morning Call talks about economic impact of the NSA surveillance, but limits the discussion to its area of interest – the US companies, while making me think about the rest of the world:

Worldwide spending on the cloud is expected to double over the next three years to more than $200 billion. U.S. firms have been leaders in developing the technology. According to a new report from the Information Technology & Innovation Foundation, however, global worries about NSA surveillance are likely to reduce U.S. market share.

The report’s admittedly loose estimate is that U.S. cloud-computing firms will lose $21 billion to $35 billion in revenue between now and 2016. According to the report, some 10 percent of non-U.S. members of the Cloud Security Alliance said they’ve canceled a project with a U.S. company since the disclosure of the NSA’s surveillance. In addition, 56 percent indicated “that they would be less likely to use a U.S.-based cloud computing service.”

Interestingly, this does not only apply to the US economy. There are companies everywhere that would rather prefer not to be monitored. That would rather prefer to go about their business without this stranger looking over their shoulder day and night. What will happen?

I think we may be facing a new arms race soon. The businesses with money were not all that interested in keeping things private until now. Now they will likely invest in tools for privacy and the tools will get better. And so off we go, there will be demand for privacy from the, ahem, private sector and the demand for surveillance from the government sector. Big money to be made.

Just wondering… will the common citizen become “collateral damage” in this war?

Leave a Reply

Your email address will not be published. Required fields are marked *