Data, Privacy, and Markets

We’ve posted in the past about some of the work going on in our group related to privacy, and of course there are always lots of news articles popping up.  But, today I came across a recent animation by Jorge Cham of PhD comics fame that does a very nice job of summarizing one of the interesting directions these days — managing the interaction of personal data with data marketplaces.

Though I haven’t posted about it here yet, this is one of the new directions RSRG is moving in — how does one design a data marketplace that allows the transition from data as a commodity to data as a service?  We have already seen computing go from commodity to service with the emergence of cloud infrastructure providers like Amazon EC2 and Microsoft Azure, and I think it won’t be long until data makes the same transition.  But, in setting up these data marketplaces, how does one manage issues such as privacy?  and how does one place a value on pieces of data, which have many different uses?

In any case, enjoy the animation!

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2 thoughts on “Data, Privacy, and Markets

  1. In a recent TED talk also the privacy issue in the digital world is discussed, more focused on secured communication over the internet. It is suggested therein that maybe a totally new business model needs to be considered for the Internet instead of the current advertising-based model:

    • Thanks for the pointer. I actually don’t agree that the business model needs to change dramatically, only that people should be able to control their interactions more easily. Data is powerful (and thus valuable). The key question is how to manage it’s exchange…

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