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You bring up some good points and I don't have an answer for how data ownership would affect every industry or product category. On the $10/month figure, I wou
by kaxline 8y ago
You bring up some good points and I don't have an answer for how data ownership would affect every industry or product category.
On the $10/month figure, I would point out that this is likely per data silo. So Facebook's data on you may be around $10/month, but also Google's, which is a different data set. And so on. It's not much money now because it's only available to advertisers who want to buy ads on a specific platform.
If you owned and controlled your data, you may have 100 different buyers at $10/mo, ranging from medical researchers to product marketers, which starts adding up. I don't have figures to back this up, but my intuition is that all the data we've been creating for decades will only have more and more value as we try to feed our machine learning algorithms with more data, to get more insights.