How to save the economic data
This anecdote illuminates the essence of the problem with the economy personal data. Every day, Hundreds of millions of Internet users take Advantage of services That Appear to be free: social networking sites, email, news sites, events and online dictionaries. However, of course, Many of These Services Are Not free at all. Users pay for them with their personal data, whether or not they know it. In addition, at some point in time, the bill will come due. However, like Jeff’s truffles debacle, What Remains unknown is the price.
Today’s economy of personal data is a priceless economy; Which Means That FIRMS are not forced to compete based on the cost to users. How much of my data will you share and with How Many parties? For how long will you share it? There are no market constraints on These Matters, So There is no limit to what information is shared, stored and sold.
The second implication of a priceless That Consumers Are economy is running up a tab without a clue as to what the true cost will be. Will your personal browsing habits be made public and put your career at Risk? Will be accidentally shared data and lead to identity theft? Alternatively, will you Simply Be subject to Excessive Amounts of spam? Each of These scenarios contains a cost, but today we Lack any accounting method to measure meaningfully Any of Them.
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