Digital data is growing exponentially and becoming increasingly valuable. By 2025, over a quarter of all data created will be real-time data, and the Internet of Things is expected to account for 95% of real-time data. Companies are using artificial intelligence and machine learning on big data to gain valuable insights. For example, in retail, AI is being used to more accurately predict demand and ensure optimal on-shelf availability by analyzing over 100 factors. This increases sales and helps retailers transform big data into value through improved merchandising, pricing, and promotions. As data becomes more important, laws and regulations will need to adapt to both protect data privacy and promote fair access and use of data to stimulate economic growth.