Jump to content

How much is data worth?


mcliu
 Share

Recommended Posts

Clearly companies like FB, Google are making tons of $ off of their user's data. In exchange, users get to use their search/map/social-media tools for free. But is that enough compensation? Should they be paying users to use/sell their data? Thoughts?

Link to comment
Share on other sites

Guest cherzeca

One person’s data is worthless. It’s only worth something in very large aggregate.

 

agree. but since each individual is part of a platform network and that network is monetizing the aggregate, each individual should get his/her proportionate share of the aggregate value

Link to comment
Share on other sites

One person’s data is worthless. It’s only worth something in very large aggregate.

 

agree. but since each individual is part of a platform network and that network is monetizing the aggregate, each individual should get his/her proportionate share of the aggregate value

 

You do. It's called using a "free" service

Link to comment
Share on other sites

One person’s data is worthless. It’s only worth something in very large aggregate.

 

agree. but since each individual is part of a platform network and that network is monetizing the aggregate, each individual should get his/her proportionate share of the aggregate value

 

You get a service in exchange. Don't use the service and they don't get your data. I'm not saying there aren't issue with how the data is collected, what is done with it, security, creepiness, data portability, etc. That's all discussions that should be had. But the whole "I should be paid for my data" idea is a misunderstanding of the situation, mostly driven by greed, because people think their data is more valuable than it is, and because they fail to realize that the free service they're getting is providing them with a ton of consumer surplus over the value of their individual data.

 

Also: https://stratechery.com/2018/data-factories/

Link to comment
Share on other sites

Solely on principal, I have a hard time reconciling companies being forced to allow people to use their products in certain ways. Isn't it simple enough. If you don't like it, dont use it? I have never had a Facebook though so maybe I'm just out of touch.

Link to comment
Share on other sites

Solely on principal, I have a hard time reconciling companies being forced to allow people to use their products in certain ways. Isn't it simple enough. If you don't like it, dont use it? I have never had a Facebook though so maybe I'm just out of touch.

 

I normally agree but it's almost like a utility now. The electric company can charge me whatever they want to but they're restricted. We don't really "need" facebook or electricity but that's how people communicate now.

Link to comment
Share on other sites

Clearly companies like FB, Google are making tons of $ off of their user's data. In exchange, users get to use their search/map/social-media tools for free. But is that enough compensation? Should they be paying users to use/sell their data? Thoughts?

 

 

Pay users to use their apps/sites/tools?  Interesting idea.  I would say that Google is already effectively giving users a pile of benefits that are not strictly remunerative for the company.  So, sure they spy on my when I surf, when I use google maps and Google Calendar, and they also read my e-mails to target advertising.  That's all great and profitable for them.  But, then they give me things like Google Voice, Google Drive, Google Sheets, Google Keep and a host of other tools where the data collection isn't particularly valuable.  Those latter apps/services don't offer much direct-value to Google, but they are value-added components to me, which convinces me to stay with the Google ecosystem. 

 

Do the services that don't collect much data from users adequately compensate users for contributing data through the services that spy on us?  On the net it's profitable for Google, but the existence of profit doesn't mean a voluntary exchange is unjust.

 

 

SJ

Link to comment
Share on other sites

Microsoft has already tried paying users to use its service (Bing had a reward program). Didn't seem like it attracted enough people to make a dent in the non-paying products...

 

Bing has a reward program. I use it (both reward program and Bing). It's not $200M.

Link to comment
Share on other sites

The US is one of the few countries without law governing how data of individuals are used. We are in good company in that respect - China and Russia don’t have any laws either.

 

This was actually a discussion as early as the 80‘s in Germany, when basic rules were developed. The EU now has laws, although the effectiveness is another matter.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...