Thursday, June 19, 2014

Forget privacy: We should be glad that advertisers can see all our data (the unbiased opinion of an ... advertiser!)

The federal government is scared. It’s scared to let advertisers like me see too much information about you. It’s scared for your privacy. It has, government officials say, your best interests at heart.

Don’t believe it.

“Big data” enables marketing companies to deliver more relevant advertising to individuals. As CEO of one of the largest data-driven marketing companies, I can provide some clarification about what marketing data is, how it’s used, and the role it plays in commerce, competition, and consumer choice.

First, here’s what marketing data is not. The data that marketers use has nothing to do with NSA “spying.” And it doesn’t run afoul of information that’s already regulated, like your credit score. 

 Rather, it falls into three main “buckets” of information: data from public sources, such as property records; self-reported data (like information shared by consumers in surveys and contest entries); and what I’ll call “inferred” data.


read full article at Washington Post http://www.washingtonpost.com/posteverything/wp/2014/06/17/forget-privacy-we-should-be-glad-that-advertisers-can-see-all-our-data/


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