Personal data mining: benefits and costs
Nic Brisbourne has written a thoughtful post called "Mining personal data - the next big frontier":
Nic goes on to discuss how some potential benefits to end users of allowing their behaviours and preferences to be tracked in exchange for cheap/free services and better ad personalisation could offset their privacy concerns.[Last] week Eric Schmidt of Google said he would help us answer questions like “What am I going to do tomorrow?”. I applaud the sentiment here, I really do, but I don’t think Eric is the right guy for the job, and he certainly isn’t going about it the right way.
A lot of people have a bad reaction when Google does things like this - Does Eric Schmidt want to sniff the armpits of my mind? is a very funny example, and indeed this post was in part inspired by some friends saying at dinner last night how much Schmidt’s arrogance pissed them off.
Underlying all this are some very real privacy concerns which I will come back to, but first I want to focus on how useful these sorts of services could be.
I'm looking forward to chatting with Nic this week in preparation for a post I'm planning on "Identity for web startups—opportunities and threats": I'm sure his insights into the economic aspects of the topic (Nic is a Venture Capitalist at Esprit) will be extremely helpful.
Labels: advertising, data mining, identity, personal data, privacy




