How is that different from the previous state of affairs?
Before digital age, Scientists would have work booklets that would get lost or destroyed when they change job, or when they become too numerous.
Drawning in an overflow of data is about as useful as having no data at all. It could be argued that forgetting is actually a good thing that puts forward important matter, those that we care to keep because they are valuable. Sure, some valuables get lost in the process, but anyway, who would go sort trough all data they ever generated, even if they had them available forever?