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RE: DailyMastermind 46 | HUGE BUSINESSES IN SELLING USERS' PERSONAL DATA: CAN BLOCKCHAIN SOLVE THIS?

in #entrepreneurship7 years ago

We get so many applications for free. Someone has to gain something out of the service. That is where data mining comes in. Businesses have loads of information to succeed today. A group of my friends are doing analytics for businesses analysing sentiments on social media. When you see the kind of information they come up with it is really enlightening and good for decision making.

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However, is it worth using these applications for free when we are paying using with personal details? This issue has particularly caught my attention because businesses are now able to extract these databases out from Facebook, so it seems to me to be beyond the usual boundaries set by advertising platforms like Facebook

Not at all. It is worrying that even though we know all this we keep sharing.

true, that is what big companies like Deloitte and other research companies does, analyze information given by search engine companies. Nothing comes for free