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While the benefits of the information revolution are clear, the risks it brings should not be underestimated, says Andrew Lo

The information revolution has transformed everyday life for billions of people throughout the world. For example, according to mobile phone research group GSMA Intelligence, there are currently over 5 billion unique mobile phone subscribers, out of an estimated global population of 7.6 billion. This is the equivalent of a mobile phone for every person on the planet between the ages of 15 and 65.

This enormous surge in connectivity, which allows a teenager in northern Canada to watch music