Nobody Talks About How Flawed the Data Is...
Data Selling is an epidemic in the US, it is like having cash burning a hole in your pocket anymore. What gets me is how naive everyone is or they just don't want to talk about the accuracy of the data that is requeried and sold. It's getting worse out there too and banks, companies, data brokers, etc. have the perfect situation as they can roll and make money on as much flawed data as they want and we are the "free" labor to fix it when there are errors...we get are the ones who get screwed.
Just yesterday I was talking about getting emails now for Dr. Duck, and I'm not a doctor but I have been sold and requeried and attached to meta data from my blog that would allude to that fact so now I get unsolicited emails for Dr. Duck. Check out the World Privacy Report and they address this pretty well on how it works and the dangers for consumers...
I just can't believe how "stupid" everyone is out there with beleieving what they find and I have another problem with being listed with two aliases they say I have used. Fact of the matter, I have never used an alias in my life. It' total garbage for a lot of it. Stupid employers use it with their junk science and treat such information like it's the gospel. Quants have been talking about "virtual" worlds and values since 2004 as they know, they build them. General public sure is bliss with all of this I have to say.
Look at Google in suspending my Google Plus account for no other reason than the fact that my real name that works everywhere else in the world was not "machine compliant" by the use of their machine learning algorithms. Did I get an email..nope..machine learning just cut me off and and oh gee if employers were looking at that..there's a "bad" person lurking there as "what did she do" to have Google suspend here..nothing as their dumb algorithm basically said I was a real duck as their machines had not learned enough.
Last year I received my new car insurance policy. Well again my car insurance company with their programmed algorithms assumed I was not giving them complete information and added two new secondary drivers to my policy. Well again I've never had secondary drivers ever on my policy but I did sell a house about 9 months prior to this and guess what, the couple that bought my house 9 months prior were the "new secondary drivers" that my car insurance company added...see what I mean...
FTC is pretty useless as you need an index to find out who ALL the data sellers are as it goes beyond the brokers by all means. Again we have digital illiterates trying to create policy with no data mechanics logic. I have been saying this for 3 years and write to the FTC on this topic. You need an index to regulate a group and we don't have that so until that is done, it all will fail as people just code around verbiage all the time..look at the banks, master of it. Steve Kroft at 60 Minutes too just scratches his head on this as they put it out there and consumers in oblivion just suck it up.
Take in some videos from folks smarter than me, Quants that tell you how this works, they have been talking about this issue since 2004...time to learn up. Subprime could not have happened without it.