A lot of time and energy has been spent debating the future of Big Tech, and what could ─ and should ─ happen if they were to be broken up. Whether you support or oppose more regulatory and anti-monopolistic measures, there is no doubt the impact of such steps would be huge.
For small businesses that rely on Big Tech cloud and security services, the possibility of disruption to how those services are delivered is a major consideration.
How can small businesses prepare their data protection capabilities in the event of a Big Tech shake-up, and what are some privacy and data repercussions worth planning for?
Let’s take a look.
The scope of Big Tech
Big Tech, consisting of Facebook, Microsoft, Google, Apple and Amazon, are now collectively worth almost $10 trillion, almost a quarter of the combined $41.8 trillion market cap of the entire S&P 500.
The current stock market value of these Big Five companies is more than the value of the next 27 most valuable U.S. companies combined, and that includes Tesla, Walmart and JP Morgan Chase.
As a whole these five companies control or exert tremendous influence over a comprehensive piece of modern life: social media, retail,