I was up late last night talking to my friend about various computer issues and he raised an interesting though. We will be soon creating data at a rate faster than our storage capacities are growing at.
"The lack of sufficient data storage capacity has legal compliance implications for companies facing data security, privacy protection, record keeping, data retention and other data usage requirements of e-discovery rules for litigation, the Sarbanes-Oxley Act, Health Insurance Portability Act and other laws, the report said." [Privacy Law Watch]
Social web companies have to think about both aspects: offering space to their users for their content and any data laws that may apply to the company itself. Data storage is a critical part of social web technology and I never gave it much thought before last night.
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