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"We live in an age of 'big data,'" which brings with it "immense economic and social value" but also concerns about privacy, write two privacy experts in the Stanford Law Review. Associate Professor at the College of Management School of Law Omer Tene and Future of Privacy Forum Director Jules Polonetsky, CIPP/US, describe the many benefits of big data, while acknowledging a "data deluge" could foment a "regulatory backlash" capable of "dampening the data economy and stifling innovation." Tene and Polonetsky write, "In order to craft a balance between beneficial uses of data and the protection of individual privacy, policymakers must address some of the most fundamental concepts of privacy law, including the definition of 'personally identifiable information,' the role of consent and the principles of purpose limitation and data minimization." Editor's Note: Omer Tene and Jules Polonetsky will both present at next month's Global Privacy Summit.  
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