Given 916.259 hours = 3 TB, 53M / 916.259 = 57 3 TB = 172 TB of data /a day/. And that's just the US. Even if you adjust the average to just one minute a day, you're still looking at 17 TB / day, which should be sorta manageable I reckon.
But it's not just the US. Let's assume they want to track all voice communications globally, rounding it to an even 7 billion, ten minutes a day. I'm counting 3819 TB/day. That's a lotta 3 TB hard drives.
tl;dr: big data is big. disclaimer: I suck at basic arithmetic, I probably made a miscalculation.