Commoditization of Data is the Problem, Not the Solution – Why Placing a Price Tag on Personal Information May Harm Rather Than Protect Consumer Privacy

Friend and foe agree that our society is undergoing a digital revolution that is in the process of transforming our society as we know it. In addition to economic and social progress, every technological revolution also brings along disruption and friction. The new digital technologies (and, in particular, artificial intelligence-AI) are fueled by huge volumes of data, leading to the common saying that “data is the new oil.” These data-driven technologies transform existing business models and present new privacy issues and ethical dilemmas. Social resistance to the excesses of the new data economy is becoming increasingly visible and leads to calls for new legislation.

Originally printed in The Future of Privacy Forum. Read the full article.