The average American’s data is worth $19 per year today, and could reach $164 a year by 2020. According to Facebook, there is no monopoly problem. But if a company can sell all your personal data without a limit, the company will lose their edge. And if you’re worried about privacy, don’t worry. The company is committed to protecting your information. The data that you provide will never be sold to third parties.
In the 1960s, Ithiel de Sola Pool predicted that such data would be collected by large corporations and sold to advertisers. As early as the 1960s, a marketing CD-ROM product called Lotus MarketPlace: Households promoted household names, income levels, and addresses. Then, the internet boom came along, and it began to be a huge business for tech companies. The company was able to use these data to target consumers, sell products, and make predictions about their behavior.
The story behind these data-collection companies is not so far-fetched. Survey data was used to predict how much money Americans would be willing to pay for their data. In 2013, the average American was worth $19 per year. By 2020, this number is likely to be $164. It’s not just the price but the quality of the data that Facebook is collecting. You’ll be surprised at what they come up with.
Until recently, only a handful of companies were interested in obtaining the details of individuals. But today, these companies have made it easy to collect personal data. A person’s data can be collected by a number of different ways. For example, the information gathered on a person’s social network site may be valuable to a business or advertise products to that company. In some cases, this is a good thing.
In a nutshell, your personal data tells a story about you. It can reveal the most personal details of you and the stories of people you care about. Your social network accounts can be used to identify you. Those in your network can also access your friends’ private information. By connecting to your social network, you can also view your contacts and browse websites. In some cases, you can even receive advertisements.
When your social networking accounts have been linked to your Google account, you’ll be able to view all of their information. Your email addresses, bookmarks, contacts, and Google Drive files are all linked together. You’ve added information on YouTube and Facebook, and your data will be stored by Facebook. These services are based on your social networks. You’re identifying yourself with your social network by connecting to your social media profiles.
Your personal data is worth money. If you’re a social network user, you can see all the ads in your social networks. This is your social network. If your social network partners sell their information to businesses, they can earn money. You could be a victim of the same scenario. These companies will profit from the information you provide. What Story Does Your Personal Data Tell? will surprise you. You’ll be surprised to see how much you’re spending and how much you’re sharing.
In the early 1970s, Greek scientists invented the first computer. The Antikythera mechanism used complex gears to trace astrological patterns. Then, Herman Hollerith created a tabulating machine and sold it to businesses and organizations. The machine is still in use today. It has become the most widely used social network, with millions of users across the globe. A Facebook account can even be linked to your location.