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> By their CEO's own admission, Ford sees itself as a "data company" What does this even mean? They don’t sell access to data. Oh! They use data to make busine
by jonathankoren 4y ago
> By their CEO's own admission, Ford sees itself as a "data company"
What does this even mean? They don’t sell access to data. Oh! They use data to make business decisions? Well, welcome to 2004.
- rdtwo 4y agolol silly why would you think they use data to make business choices. They make the choices then make data to justify said choices. That’s how legacy companies do it
- speed_spread 4y agoIt means they figured that monetizing the data they collect on people driving their cars will bring them more cash than selling the cars themselves. The same way electronics manufacturer have doubled their profits on "smart" TV sets over a few years by feeding advertisers knowledge about what you're watching, and when, so you can be targeted more precisely in future ad campaigns. Have you heard of those small companies called Google and Facebook? Care to compare their market cap with Ford's lately? Do you really think they're worth that much because of their quick web search and easy friend-finding?