What’s the life expectancy of a single 55 year-old man who buys a 16 oz jar of hi-test mayo every 2 weeks along with his weekly ration of 3 steaks, 2 sticks of salted butter, 4 cans of beans, lb. of baloney, a box of microwave Orville Redenbacher, 30-pack of Bud Light and a carton of smokes? Good question. If you were said man’s insurance company this info might be worth a million dollars. If you were the HR person at a company thinking about hiring this gentleman, it might be worth tens of thousands of dollars. Purchase price for that that data? Probably pennies.
Privacy huh. As more and more personal information is collected about buyers and sellers, marketers are being offered toolsets that help them sell more efficiently. More predictably. More accurately. It can be a good thing –but needs monitoring. I’m no card carrying member of the Electronic Freedom Foundation but I do believe in their work. I also think that the EFF and others like them will be playing a huge role in our lives over the next 20 years. Were they offering a stock, I’d say buy. Privacy is going to be very big business…because the lack of privacy already is. Peace!