Will Users Get a Slice of the "Big Data" Pie?
curtwoodward writes "Better healthcare, more efficient government, cheaper goods and services — it's all possible in the age of 'big data.' According to the big companies hoping to make a killing off all that information, anyway. But will the people generating that valuable data — Joe and Jane Consumer — ever get a piece of the action? A few startups are trying to establish first-party marketplaces for personal data, compensating users directly for contributing high-quality information about themselves. The World Economic Forum is also involved, hoping that one day, 'a person's data would be equivalent to their money ... controlled, managed, exchanged and accounted for just like personal banking services operate today.' But some entrepreneurs think it might be too late in the developed world, where a consumer's data fingerprint is already very well documented."
Why are you concentrating on trivial things at a time like this?
How can you be complacent when . . . BENGHAZI??????
Roses are red,
grass is greener.
When I read Slashdot,
I play with my weiner.
Never going to happen, these companies want your information for free, and in an unregulated way in order to maximize corporate profits.
America has no interest in protecting people's privacy, and is incapable of having any priority besides the wishes of companies.
Consumers will never get anything here except screwed.
No.
Long answer... No fucking way are you crazy?
"You, and I, are not in the big club."
We'll be lucky to know the data was gathered and exists. Let alone what it says. Or have a say in what it says...
creepy... (captcha:warrants) how does it DO that...
. . . will get the most from the "Big Data" Pie . . . all that needs to be stored somewhere . . .
. . . is anyone selling "Big Data Clouds" already . . . ?
Schroedinger's Brexit: The UK is both in and out of the EU at the same time!
are you in the CEO class? ---> yes... SURE DEAL
\
\
\---> no... screw you.
Welcome to Serfdom 2.0, scab.
Why in the US (western ingeneral) companies get the benefit of the doubt and people are seen as kooks. If Google say it, it must be true; if Tom, Dick, or Harry say it, take it with a grain of salt.
Anyone/companies not interested in privacy, people first before profit,is to be avoided.
Companies are increasingly getting more access to peoples money with "services" like automatic bill pay, fancy non-check checking, direct deposit, etc... The goal is to give everyone easy access to your money with minimal intervention from the owner of that money. Personal data is already way beyond this with opt-out (or not at all) data collection, sharing, and selling. The only exception seems to be HIPPA in the US. People after your money could only wish to have the level of access the information folks have.
You know, my BS meter is starting to get attuned to go off anytime I see 'Big ' used as a proper noun.
I read TFA and all I got was this lousy cookie
If the networks shared ad revenue with their television watchers, you could feasibly get paid for watching tv.
What is more likely to happen though is for game shows to be made into video game form, and then when you play the video game, you can earn money if the game is competitive. I was considering making an online poker site where you never deposit money, but at the end of the month, people who won tournaments share in a real money prize pool. The legality of online poker in the United States though means if the feds are having a bad day, they'll ruin your business model. It doesn't have to be just poker, you could have competitive video games in general.
Oh and just so you guys catch wind of this semiabusive style of player treatment: Combine Freemium with "Able to win money back". Then you'll have players who think they're investing by buying into your pay to win scheme.
God spoke to me
Got a smart meter a year and a half ago. Don't have access to any of the data.
I may be the only one on the block that got one, though. Fuckers still haven't got me because there is nothing going on!
Don't people already get compensation with free email, social networking, calendar and office apps from Google/Facebook etc? I know I get mine in the form of free 2-day shipping from Amazon. You can either pay for services with cash, or you can pay for them with your personal information. Asking for both seems a bit greedy to me.
If it is allowed that a person's data has monetary value, then it surely follows that the person may elect not to sell it. People will never be allowed to opt out.
If "'a person's data would be equivalent to their money ... controlled, managed, exchanged and accounted for just like personal banking services operate today.'" is the optimistic-pie-in-the-sky vision of the future, I think it's safe to say that we are 100% fucked.
Financial services is not... exactly... a shining beacon of customer service, egalitarian contracting, and transparency, and the deal gets worse the smaller your scale. If that's the ideal, the outcome seems likely to be grim indeed.
No.
Noooooooooooooooooooooooooooooooooooooooooooooo
Instead of giving me a piece of the action - give me the option not to be part of the action in the first place. My privacy and ownership of my own data and control over who can have it and do what with it is infinitely more valuable than a couple dollars.
Discounts on groceries, gasoline, hotels, airline flights, free meals, free email, social network accounts, streaming music, streaming TV. We're getting compensated for our data, and those who do not participate are both less compensated and less tracked.
Now, if you're wondering whether individuals will become the sellers of their data for their financial gain - no. The value in data is in large aggregation of both quantitative (age, sex, ethnicity) and qualitative (likes, interests, behaviours) so that groups can be targeted for whatever an entity is looking for. You are not a beautiful jewel in a sea of dull pebbles, and even if you were you're value in paving the road to advertising is just that of a dull pebble. You don't go buy your stone a pebble at a time, you buy it from someone who has a quarry full and can give it to you by the truckload.
The value in personal data lies in the value many have in aggregate (get it - stones, aggregate - Ha!). It's not surprising that we will never find value in our personal data except to us, and those who market will have to have billions of data points. The value isn't great enough to warrant negotiation with every individual.
Is it just my observation, or are there way too many stupid people in the world?
Individually your data is worth nothing, when summarized it provides trends and statistics, when integrated it can vastly improve the healthcare system and make the government run smoother.
The first market personal data collectors seem like fly by night type people who don't really know what they're doing. I mean the very concept of willingly giving data for money screams put your best foot forward, greatly skewing the data and making it worthless.
Google has already tried this.
They compare the value of personal data to that of money, but what is the value of someone's data if they're willing to give it up? What's the value of a dollar if everyone is willing to give it up?
In this way, wha'ts the difference between the big companies and a begger on the street? I'll tell you the difference. In this way, the begger will eventually gain enough power to begin directing streets themselves, to flow traffic nearer to where he's standing, and there will be a toll eventually.
Selling information about yourself, cannot ever make you worth more. It can only make you worth less (not worthless).
you people are insane. it what world do my activities and product preferences matter enough as a contribution
that its a substantial fraction of my overall worth to society (income)
We give you a decentralized network self healing near instantly even when whole cities disappearing off the map, and you put your data in a centralized data silo, then market it as "Big Data". It's not outright stupid, just a bit ignorant, eh?
Whenever the title to a story on Slashdot is a question, the answer is (almost always) no.
It's already too late for a nice, symbiotic relationship between the data gatherers and the public. Even if the abuses of power and creeping surveillance from the last decade were rolled back, it is no longer just geeks who mistrust corporations, the government and anyone else who want to know everything about them. The seeds of suspicion are now deeply rooted in the general public consciousness. As it happens, most of the entities which make up the burgeoning 'surveillance industrial complex' have little interest in playing nice anyway.
Big data currently relies mostly on deception, with a little coercion. Offering free services to entice people to give away their data before they realise what they're doing counts as deception, but people are slowly getting wise to this. Hence, the future will see a shift to more coercion, where you don't really have a choice to opt out of being spied upon, at least if you want to remain a part of society. A fairly 'soft' example would be when every ISP starts selling your browsing habits to the highest bidder, and the only way out is to either not use the internet at all or relying on open wifi etc. The harder examples typically involve the government passing some new law which makes it illegal not to give your data away in situations where previously you wouldn't have to.
Is for people to turn over the exclusive status of all their personal data to a non-profit personal data representative, who will then seek payment or punative damanges from any other entity corporate or individual that seeks to use such personal information without first paying for the privilege or first paying for the information they have already obtained without having yet paid for it. The payment would then be sent to the people who provided the non-profit personal data representative with their personal information, minus a small transaction fee to the non-profit to cover the cost of collecting the money and suing for damages or enforcing a cease and desist order as required.
There is no reasons the googles, apples, of the world etc. should get this kind of information for free, since it is not theirs to begin with.
Will Users Get a Slice of the "Big Data" Pie?
Users ARE the 'pie'. Just who are you trying to kid?
Down With Slashdot BETA!!! I've been around the corner and seen the oliphant; you can only abuse me from your perspecti
Roses are red,
Violets are blue,
Big Data owns You.
I do not want any of my medical records being stored electronically. I do not want any of my personal being bought and sold by anyone - including me. Why can't I have a say in what happens to my own data?
Do what I do, when I get telemarketing calls I poison my information by giving false data (I am single but different companies think I have spouses - my imaginary partners all have different names) and where possible give different callers different data about your views, lifestyle, family, and income. Try putting together any kind of picture about me from multiple marketing sources and it won't make any sense or it will at least look like I'm a bigamist.
but the huge increases in efficiency will put lots of people out of work, and the money saved will look lovely in some 1%ers bank account. Plus as there are fewer and fewer jobs we'll fight harder and harder amongst ourselves for them. Sure, the world needs ditch diggers. Well, one guy to fix the 20,000+ robot ditch diggers anyway...
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Insights create the value in Big Data, so it's absurd to predict which data might be those that create the insights. Bottom line is what you think might be valuable data might be rubbish.
-- Jimtown Kelly
Entity: N
Fragments: N, No
Entity: o
Fragments: o, o, o, o, o, o, o, o, o, o, o, o, o, undefined, o, o, o, o, o, o
Why should it be a question of giving you the option. Demand it!
Productivity of the average American worker went through the roof since 1979:
http://www.motherjones.com/politics/2011/06/speedup-americans-working-harder-charts
http://www.ibtimes.com/us-worker-productivity-rising-faster-wage-growth-1114871
Did your inflation-adjusted paycheck? Oh hell no, you're (the average American ) treading water.
http://www.cbpp.org/cms/?fa=view&id=3220
http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6
and have been for decades... DECADES
OK then. All this cost savings is pocketed by billionaires , not passed on to you. The ONLY form in which it's ever passed on to ordinary people is at their own expense, e.g. Walmart prices and Walmart
http://www.dailykos.com/story/2013/06/03/1213437/-What-Walmart-Costs-Taxpayers
http://www.walmarteffectbook.com/
So if you want to realize what any of the productivity gains / cost savings you've worked for and created, start a company, force everyone who works for you be to be part time, steal the benefits of THEIR increase in productivity, lobby your congresspig for tax breaks for the wealthy..... oh and shop at Walmart.
America is a nation of by and for billionaires, who fund our elections, occupy our political offices, write our laws and own our media. They do this for their own benefit and anything which does not effect their personal lives is not *real* and doesn't matter.
http://video.pbs.org/video/2296684923/
So no- it's not for you.
Now get back to work.