Difference between revisions of "Data Economy"
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A [[{{PAGENAME}}]] is a worldwide digital ecosystem in which data is collected, structured, and distributed by a network of vendors with the goal of extracting value from the information that is gathered. The data inputs are gathered from search engines, social networking websites, online sellers, brick and mortar vendors, payment gateways, [[software as a service]] (SaaS) providers, and companies that are deploying connected devices on the [[Internet of Things]] (IoT). The information acquired is passed to business for a fee. The Consumer Financial Protection Bureau in the United States have created early models to control the {{PAGENAME}}. | A [[{{PAGENAME}}]] is a worldwide digital ecosystem in which [[data]] is collected, structured, and distributed by a network of vendors with the goal of extracting value from the information that is gathered. The data inputs are gathered from search engines, social networking websites, online sellers, brick and mortar vendors, payment gateways, [[software as a service]] (SaaS) providers, and companies that are deploying connected devices on the [[Internet of Things]] (IoT). The information acquired is passed to business for a fee. The Consumer Financial Protection Bureau in the United States have created early models to control the {{PAGENAME}}. | ||
== Benefit == | |||
Individuals have control over the data that is related to themselves and could adjust how their personal information is used by service providers | |||
==Concern== | ==Concern== | ||
Concerns regarding regulatory uncertainty, privacy, ethics, data loss control, and data ownership and related rights arise as a result of the {{PAGENAME}}. Some people also concern that internet business will be able to control the data flow and abuse it. | Concerns regarding regulatory uncertainty, privacy, ethics, data loss control, and [[data ownership]] and related rights arise as a result of the {{PAGENAME}}. Some people also concern that internet business will be able to control the [[data flow]] and abuse it. | ||
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Latest revision as of 05:41, 18 September 2022
A Data Economy is a worldwide digital ecosystem in which data is collected, structured, and distributed by a network of vendors with the goal of extracting value from the information that is gathered. The data inputs are gathered from search engines, social networking websites, online sellers, brick and mortar vendors, payment gateways, software as a service (SaaS) providers, and companies that are deploying connected devices on the Internet of Things (IoT). The information acquired is passed to business for a fee. The Consumer Financial Protection Bureau in the United States have created early models to control the Data Economy.
Benefit
Individuals have control over the data that is related to themselves and could adjust how their personal information is used by service providers
Concern
Concerns regarding regulatory uncertainty, privacy, ethics, data loss control, and data ownership and related rights arise as a result of the Data Economy. Some people also concern that internet business will be able to control the data flow and abuse it.