Deposit Photos

Introduction

Data is the foundation of artificial intelligence-driven automation. Our data is becoming a valuable commodity to automation initiatives across nations: its governments, industries, organizations, and academia (NGIOA). Since data and information drive the value of artificial intelligence initiatives, the better the sources of data, the better the automation initiatives and resulting intelligence outcomes.

ARTICLE CONTINUES AFTER ADVERTISEMENT

So, it is quite interesting that most of our machine learning systems today are being built on free publicly available data. What’s more: we are giving free data (our new labor) to artificial intelligence systems that may go on to replace us: our roles, our jobs, our wages, and our very economic security in the coming tomorrow.

Understandably, how people will earn money when jobs succumb to automation is becoming a cause of great concern to concerned citizens, labor organizations, and decision makers across nations. While there are growing calls for Universal Basic Income, the question that needs to be evaluated is whether, on its own, the government-driven universal basic income has the potential to be a practical and sufficient solution to the complex employment and economic security challenges coming our way.

Perhaps we need more than one source of income to compensate for the loss of jobs and wages. It seems monetizing our digital data and footprint could be another source of legitimate income for everyone across nations. Moreover, paying for our data will bring more legitimacy and accuracy to the data, increasing the credibility of the information and intelligence outcomes of the automation initiatives.

Acknowledging this emerging reality, Risk Group initiated a much-needed discussion on Automation and The Future of Work with Ekkehard Ernst, an Economist for Macroeconomic Policy at International Labor Organization based in Switzerland on Risk Roundup.

 

Disclosure: Risk Group LLC is my company

 

 

ARTICLE CONTINUES AFTER ADVERTISEMENT

 

Risk Group discusses Automation and The Future of Work with Ekkehard Ernst, an Economist for Macroeconomic Policy at International Labor Organization based in Switzerland.

 

The Value of Data

Since automation feeds on our data, accessing our digital data and footprint is becoming increasingly crucial for nations. From marketing professionals to businesses, pollsters, and researchers, there is a growing interest in digital data-driven automation. The reason behind that is simple; data helps create competitive advantages and gives them accurate insights to create relevant advertisements, content, products, and services that would appeal to users and consumers. The collected information and intelligence about consumers are valuable because they can improve products and services in a fiercely competitive digital global age.

As seen currently, businesses are already using data to track how their products and services perform. There is also a growing interest in using data to track how people may vote in elections or how the markets will perform on any given day. This is just the beginning.

ARTICLE CONTINUES AFTER ADVERTISEMENT

 

What is Our Personal Data Worth?

Each one of us has terabytes of data on our digital devices. We also have data in clouds and in transit. All this digital data is becoming very valuable as it has monetary value. As a result, from social media companies to applications providers, there is a growing trend in collecting the digital data of users and consumers all across nations. Businesses harvest billions of dollars from it through advertising. Also, many companies profit ride on the back of it.

Moreover, as the data gets collected, it is sold off to third parties (marketers and advertisers). That brings us to an important question: why do we give control and ownership of our data to businesses who get very rich by selling our data to others?

Should Personal Data Be Sold?

ARTICLE CONTINUES AFTER ADVERTISEMENT

Our personal data consists of private, personally identifiable information like contact details (name, address, telephone, email) and official credentials that prove who we are, such as a birth certificate, driver’s license, passport, social security number. It also includes financial information such as bank accounts, debit and credit cards, investments and insurances, and crypto wallets and more. There is also personal history, such as previous addresses, phone numbers, educational records, transcripts, employment records, certifications, and memberships of associations or groups of any kind, such as sports clubs, retail warehouses, air mile programs, political affiliations and so on. Very few of us would like to sell or share this data with others.

However, there is more to our data: like our interests, hobbies, and preferences. This is the data that will be of interest to advertisers, retailers, and researchers. While each person would command different prices for their digital tracks and footprints, depending on who they are, everyone should be able to make some money by choosing to sell their digital data.

 

Selling Own Personal Information

Our data has value for others. What that specific value is, depends on the nature of the information, who is buying it and how. If we can provide quality data and communicate its potential uses well, we can earn perhaps enough money directly from our data to meet our most basic economic needs.

ARTICLE CONTINUES AFTER ADVERTISEMENT

In a digital economy, information is the most reliable and most widely accepted currency – and buying and selling data should become routine practices for the imminent age of automation. However, unfortunately, that is not the case today as there are a select few companies (tech companies, internet, and telecom service providers, developers, and marketing networks) that benefit enormously off our digital data. It brings us to an important question: should not we sell our data directly, make some money for ourselves, and cut out the middleman? However, that would require us to have a personal data marketplace. Do we have a market for personal data?

 

Personal Data Marketplaces

While personal data marketplaces have been there for stolen data and personally identifiable information (PII), not many have existed for legitimate data. However, we may be getting closer to making some money by selling our data (not personally identifiable information) for marketing and research purposes. That brings us to an important question: how much is our data worth, without any Personally Identifiable Information? It’s the anonymized patterns across different demographics and other data characteristics that generate interest from companies interested in purchasing personal data for insight, research, development, and marketing.

Businesses are already approaching individuals who want to share their data. Efforts are underway to allow individuals to sell their data directly to companies and advertisers in exchange for a free personality profile. Many companies offer services to back up social media accounts for subscribers, and they then take that aggregated data to sell it.

ARTICLE CONTINUES AFTER ADVERTISEMENT

 

Personal Data as A Unit of Exchange

While selling data as an option for private individuals was floated as an idea as far back as the 1980s, with the evolution of digital technology, the concept of personal information as a unit of exchange is slowly taking off.

As we see, most of the social media sites and applications are free for consumers in a way. However, the consumers pay for the websites and applications by giving them digital data for open access and services. The time is now to begin a discussion on what is the real value of personal data!

Determining an accurate average value for personal data for everyone across nations would demand extensive research. It seems that depending on the nature of an individual’s digital data, on average, personal data is worth anywhere from a few hundred dollars to a few thousand dollars per year. When jobs become scarce, every dollar will count. The question is: are we ready to take control of our lives? Are we prepared to treat our data as a commodity and as a form of labor?

ARTICLE CONTINUES AFTER ADVERTISEMENT

What Next?

In an age of artificial intelligence, data, like labor, is a resource that is very hard to particularize. The time is now to begin defining and designing a system that would put a value on reliable personal data. The time is now to come up with a tool that will allow each one of us to keep control of our own data. Selling our data to the highest bidder should be a viable option for everyone across nations who are looking to take more control of their lives in the coming years – preparing to make a living as jobs begin to disappear.

This is just one potential solution. Let us start a discussion on what else can be done to prepare for the coming tomorrow.

 

NEVER MISS ANY OF DR. PANDYA’S POSTS

ARTICLE CONTINUES AFTER ADVERTISEMENT

Just join here for a weekly update

 

” readability=”222.49945091149″>

< div _ ngcontent-c14 ="" innerhtml ="

(*** )(**** )(******* )

Deposit Photos (******* )

Intro

Information is the structure of synthetic intelligence-driven automation. Our information is ending up being an important product to automation efforts throughout countries: its federal governments, markets, companies, and academic community (NGIOA). Because information and details drive the worth of expert system efforts,

the much better the sources of information, the much better the automation efforts and resulting intelligence results.

(**************** )SHORT ARTICLE CONTINUES AFTER AD

(* )So, it is rather intriguing that the majority of our maker finding out systems today are being developed on complimentary openly readily available information. What’s more: we are offering complimentary information( our brand-new labor) to expert system systems that might go on to change us: our functions, our tasks, our salaries, and our really financial security in the coming tomorrow

.

Naturally, how individuals will make money when tasks catch automation is ending up being a reason for terrific issue to worried people, labor companies, and choice makers throughout countries. While there are growing require Universal Basic Earnings, the concern that requires to be examined is whether, by itself, the government-driven universal fundamental earnings has the possible to be an useful and adequate service to the complex work and financial security difficulties coming our method.

Maybe we require more than one income to make up for the loss of tasks and salaries. It appears monetizing our digital information and footprint might be another source of genuine earnings for everybody throughout countries. Furthermore, spending for our information will bring more authenticity and precision to the information, increasing the reliability of the details and intelligence results of the automation efforts.

Acknowledging this emerging truth, Danger Group started a much-needed conversation on Automation and The Future of Deal With Ekkehard Ernst, a Financial Expert for Macroeconomic Policy at International Labor Company based in Switzerland on Danger Roundup

(***********************

) Disclosure: Danger Group LLC is my business

SHORT ARTICLE CONTINUES AFTER AD

Danger Group goes over Automation and The Future of Deal With Ekkehard Ernst, a Financial Expert for Macroeconomic Policy at International Labor Company based in Switzerland.

The Worth of Information

Because automation feeds upon our information, accessing our digital information and footprint is ending up being significantly vital for countries. From marketing specialists to organisations, pollsters, and scientists, there is a growing interest in digital data-driven automation. The factor behind that is basic; information assists produce competitive benefits and provides precise insights to produce pertinent ads, material, items, and services that would attract users and customers. The gathered details and intelligence about customers are important since they can enhance product or services in an increasingly competitive digital international age.

As seen presently, organisations are currently utilizing information to track how their product or services carry out. There is likewise a growing interest in utilizing information to track how individuals might enact elections or how the marketplaces will carry out on any offered day. This is simply the start.

(**************** )SHORT ARTICLE CONTINUES AFTER AD

What is Our Personal Data Worth? (************** )

(* )Every one people has terabytes of information on our digital gadgets. We likewise have information in clouds and in transit. All this digital information is ending up being really important as it has financial worth. As an outcome, from social networks business to applications companies, there is a growing pattern in gathering the digital information of users and customers all throughout countries. Services gather billions of dollars from it through marketing. Likewise, lots of business benefit flight on the back of it.

Furthermore, as the information gets gathered, it is sold to 3rd parties (online marketers and marketers). That brings us to a crucial concern: why do we offer control and ownership of our information to organisations who get really abundant by offering our information to others?

Should Personal Data Be Offered?

(**************** )SHORT ARTICLE CONTINUES AFTER AD

Our individual information includes personal, personally recognizable details like contact information( name, address, telephone, e-mail) and main qualifications that show who we are, such as a birth certificate, chauffeur’s license, passport, social security number. It likewise consists of monetary details such as savings account, debit and charge card, financial investments and insurance coverages, and crypto wallets and more. There is likewise individual history, such as previous addresses, contact number, instructional records, records, work records, accreditations, and subscriptions of associations or groups of any kind, such as sports clubs, retail storage facilities, air mile programs, political associations and so on. Extremely few people want to offer or share this information with others.

Nevertheless, there is more to our information: like our interests, pastimes, and choices. This is the information that will be of interest to marketers, merchants, and scientists. While everyone would command various costs for their digital tracks and footprints, depending upon who they are, everybody needs to have the ability to make some loan by selecting to offer their digital information.

Offering Own Personal Info

Our information has worth for others. What that particular worth is, depends upon the nature of the details, who is purchasing it and how. If we can supply quality information and interact its possible usages well, we can make possibly sufficient loan straight from our information to fulfill our a lot of fundamental financial requirements.

(**************** )SHORT ARTICLE CONTINUES AFTER AD

In a digital economy, details is the most trustworthy and a lot of commonly accepted currency– and purchasing and offering information need to end up being regular practices for the impending age of automation. Nevertheless, regrettably, that is not the case today as there are a choose couple of business (tech business, web, and telecom company, designers, and marketing networks) that benefit tremendously off our digital information. It brings us to a crucial concern: should not we offer our information straight, make some loan for ourselves, and eliminated the intermediary? Nevertheless, that would need us to have an individual information market. Do we have a market for individual information?

Personal Data Marketplaces

While individual information markets have actually been there for taken information and personally recognizable details (PII), few have actually existed for genuine information. Nevertheless, we might be getting closer to making some loan by offering our information (not personally recognizable details) for marketing and research study functions. That brings us to a crucial concern: just how much is our information worth, with no Personally Recognizable Info? It’s the anonymized patterns throughout various demographics and other information attributes that produce interest from business thinking about acquiring individual information for insight, research study, advancement, and marketing.

Services are currently approaching people who wish to share their information. Efforts are underway to permit people to offer their information straight to business and marketers in exchange for a totally free character profile. Lots of business use services to support social networks represent customers, and they then take that aggregated information to offer it.

(**************** )SHORT ARTICLE CONTINUES AFTER AD

Personal Data as A System of Exchange (** )

While offering information as a choice for personal people was drifted as a concept as far back as the1980 s, with the advancement of digital innovation, the idea of individual details as a system of exchange is gradually removing.(** )

As we see, the majority of the social
media websites and applications are complimentary for customers in a manner. Nevertheless, the customers spend for the sites and applications by providing digital information for open gain access to and services. The t ime is now to start a conversation on what is the genuine worth of individual information!

Identifying a precise typical worth for individual information for everybody throughout countries would require comprehensive research study. It appears that depending upon the nature of a person’s digital information, typically, individual information deserves anywhere from a couple of hundred dollars to a couple of thousand dollars(**************** ) annually When tasks end up being limited, every dollar will count. The concern is: are we all set to take control of our lives? Are we prepared to treat our information as a product and as a kind of labor?(** )(*************** ) SHORT ARTICLE CONTINUES AFTER AD
(******* )

What Next?

In an age of expert system, information, like labor

, is a resource that is really tough to promise. The time is now to start specifying and creating a system that would put a worth on trustworthy individual information. The time is now to come up with a tool that will permit every one people to keep control of our own information. Offering our information to the greatest bidder need to be a practical alternative for everybody throughout countries who are wanting to take more control of their lives in the coming years– preparing to earn a living as tasks start to vanish.

(* )This is simply one possible service. Let us begin a conversation on what else can be done to get ready for the

coming tomorrow. (** )

(************** )

NEVER MISS Any One Of DR. PANDYA’S POSTS

(**************** )SHORT ARTICLE CONTINUES AFTER AD(******* )

(***************************

) Simply sign up with here for a weekly upgrade

” readability =”222
49945091149″ > Intro

Information is the structure of synthetic intelligence-driven automation. Our information is ending up being an important product to automation efforts throughout countries: its federal governments, markets, companies, and academic community (NGIOA). Because information and details drive the worth of expert system efforts, the much better the sources of information, the much better the automation efforts and resulting intelligence results.

. SHORT ARTICLE CONTINUES AFTER AD

.

So, it is rather intriguing that the majority of our maker finding out systems today are being developed on complimentary openly readily available information. What’s more: we are offering complimentary information (our brand-new labor) to expert system systems that might go on to change us: our functions, our tasks, our salaries, and our really financial security in the coming tomorrow.

Naturally, how individuals will make money when tasks catch automation is ending up being a reason for terrific issue to worried people, labor companies, and choice makers throughout countries. While there are growing require Universal Basic Earnings , the concern that requires to be examined is whether, by itself, the government-driven universal fundamental earnings has the possible to be an useful and adequate service to the complex work and financial security difficulties coming our method.

Maybe we require more than one income to make up for the loss of tasks and salaries. It appears monetizing our digital information and footprint might be another source of genuine earnings for everybody throughout countries. Furthermore, spending for our information will bring more authenticity and precision to the information, increasing the reliability of the details and intelligence results of the automation efforts.

Acknowledging this emerging truth, Danger Group started a much-needed conversation on Automation and The Future of Deal With Ekkehard Ernst, a Financial Expert for Macroeconomic Policy at International Labor Company based in Switzerland on Danger Roundup

.

Disclosure: Danger Group LLC is my business

. SHORT ARTICLE CONTINUES AFTER AD

.

Danger Group goes over Automation and The Future of Deal With Ekkehard Ernst, a Financial Expert for Macroeconomic Policy at International Labor Company based in Switzerland.

The Worth of Information

Because automation feeds upon our information, accessing our digital information and footprint is ending up being significantly vital for countries. From marketing specialists to organisations, pollsters, and scientists, there is a growing interest in digital data-driven automation. The factor behind that is basic; information assists produce competitive benefits and provides precise insights to produce pertinent ads, material, items, and services that would attract users and customers. The gathered details and intelligence about customers are important since they can enhance product or services in an increasingly competitive digital international age.

As seen presently, organisations are currently utilizing information to track how their product or services carry out. There is likewise a growing interest in utilizing information to track how individuals might enact elections or how the marketplaces will carry out on any offered day. This is simply the start.

. SHORT ARTICLE CONTINUES AFTER AD

.

What is Our Personal Data Worth?

Every one people has terabytes of information on our digital gadgets. We likewise have information in clouds and in transit. All this digital information is ending up being really important as it has financial worth. As an outcome, from social networks business to applications companies, there is a growing pattern in gathering the digital information of users and customers all throughout countries. Services gather billions of dollars from it through marketing. Likewise, lots of business benefit flight on the back of it.

Furthermore, as the information gets gathered, it is sold to 3rd parties (online marketers and marketers). That brings us to a crucial concern: why do we offer control and ownership of our information to organisations who get really abundant by offering our information to others?

Should Personal Data Be Offered?

. SHORT ARTICLE CONTINUES AFTER AD

.

Our individual information includes personal, personally recognizable details like contact information (name, address, telephone, e-mail) and main qualifications that show who we are, such as a birth certificate, chauffeur’s license, passport, social security number. It likewise consists of monetary details such as savings account, debit and charge card, financial investments and insurance coverages, and crypto wallets and more. There is likewise individual history, such as previous addresses, contact number, instructional records, records, work records, accreditations, and subscriptions of associations or groups of any kind, such as sports clubs, retail storage facilities, air mile programs, political associations and so on. Extremely few people want to offer or share this information with others.

Nevertheless, there is more to our information: like our interests, pastimes, and choices. This is the information that will be of interest to marketers, merchants, and scientists. While everyone would command various costs for their digital tracks and footprints, depending upon who they are, everybody needs to have the ability to make some loan by selecting to offer their digital information.

Offering Own Personal Info

Our information has worth for others. What that particular worth is, depends upon the nature of the details, who is purchasing it and how. If we can supply quality information and interact its possible usages well, we can make possibly sufficient loan straight from our information to fulfill our a lot of fundamental financial requirements.

. SHORT ARTICLE CONTINUES AFTER AD

.

In a digital economy, details is the most trustworthy and a lot of commonly accepted currency– and purchasing and offering information need to end up being regular practices for the impending age of automation. Nevertheless, regrettably, that is not the case today as there are a choose couple of business (tech business, web, and telecom company, designers, and marketing networks) that benefit tremendously off our digital information. It brings us to a crucial concern: should not we offer our information straight, make some loan for ourselves, and eliminated the intermediary? Nevertheless, that would need us to have an individual information market. Do we have a market for individual information?

Personal Data Marketplaces

While individual information markets have actually been there for taken information and personally recognizable details (PII), few have actually existed for genuine information. Nevertheless, we might be getting closer to making some loan by offering our information (not personally recognizable details) for marketing and research study functions. That brings us to a crucial concern: just how much is our information worth, with no Personally Recognizable Info? It’s the anonymized patterns throughout various demographics and other information attributes that produce interest from business thinking about acquiring individual information for insight, research study, advancement, and marketing.

Services are currently approaching people who wish to share their information. Efforts are underway to permit people to offer their information straight to business and marketers in exchange for a totally free character profile. Lots of business use services to support social networks represent customers, and they then take that aggregated information to offer it.

. SHORT ARTICLE CONTINUES AFTER AD

.

Personal Data as A System of Exchange

While offering information as a choice for personal people was drifted as a concept as far back as the 1980 s, with the advancement of digital innovation, the idea of individual details as a system of exchange is gradually removing.

As we see, the majority of the social networks websites and applications are complimentary for customers in a manner. Nevertheless, the customers spend for the sites and applications by providing digital information for open gain access to and services. The t ime is now to start a conversation on what is the genuine worth of individual information!

Identifying a precise typical worth for individual information for everybody throughout countries would require comprehensive research study. It appears that depending upon the nature of a person’s digital information, typically, individual information deserves anywhere from a couple of hundred dollars to a couple of thousand dollars annually When tasks end up being limited, every dollar will count. The concern is: are we all set to take control of our lives? Are we prepared to treat our information as a product and as a kind of labor?

. SHORT ARTICLE CONTINUES AFTER AD

.

What Next?

In an age of expert system, information, like labor, is a resource that is really tough to promise. The time is now to start specifying and creating a system that would put a worth on trustworthy individual information. The time is now to come up with a tool that will permit every one people to keep control of our own information. Offering our information to the greatest bidder need to be a practical alternative for everybody throughout countries who are wanting to take more control of their lives in the coming years– preparing to earn a living as tasks start to vanish.

This is simply one possible service. Let us begin a conversation on what else can be done to get ready for the coming tomorrow.

NEVER MISS Any One Of DR. PANDYA’S POSTS

. SHORT ARTICLE CONTINUES AFTER AD

.

Simply sign up with here for a weekly upgrade

.