Companies are collecting alot more data today on comsumers, through mobile devices,connected devices,sensors and other inputs. While some people appreciate what companies are doing with data. Most customers don’t understand why companies require this much data. We need to be reasured that companies are using it in such a way to help the economy grow. Most importantly not to infringe on our privicy
Originally posted on Gigaom:
Companies are collecting ever more data on end users, through mobile devices, connected devices, sensors and other inputs. While some people appreciate what companies are doing with the data, end users don’t necessarily know what companies are collecting. In a discussion on data science in San Francisco on Thursday, some panelists thought out loud about what it might look like if more data were shared.
“What does it mean to own data?” said Andreas Weigend, a lecturer at Stanford University and formerly chief scientist at Amazon.com. (s amzn) “… Does it mean I can do with it whatever I want to do with it?”
Weigend went on to ask if people would be able to rent out their data and make some money off it. Weigend has been thinking a lot about the subject of data ownership and expects to address that topic and others in a forthcoming book, “Our Data.” Different industries have different standards, and those could shift, Weigend told me later.