EPISODE · Aug 17, 2021 · 42 MIN
The Real Reason You'll Never Get Paid For Your Data
from We Live to Build
Many companies promise you'll get paid for your data in the future. Here's The Real Reason You'll Never Get Paid For Your Data. In this interview, data expert and former investor Brad Schneider explains the fundamental flaw in personal data marketplaces: the bias problem. Learn why any system that pays for data attracts a non-representative audience, making the data itself not valuable to marketers. We'll explore why your individual data has very low value and why the dream of a personal data economy may not be feasible. Check out the company: https://nomad-data.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - The Search Engine for Commercial Data06:53 - Why Big Tech Hoards Your Data12:55 - How Your Data is Collected & Sold (Anonymously)15:52 - Will You Ever Get Paid For Your Data?16:20 - The #1 Reason Personal Data Markets Fail (The Bias Problem)18:54 - How Bias Skews All Data Analysis24:52 - The Future of Data Privacy & AI33:28 - How We'll Learn to Trust Superintelligent AI39:36 - The Simple Fail-Safe for Preventing an AI Apocalypse📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Many companies promise you'll get paid for your data in the future. Here's The Real Reason You'll Never Get Paid For Your Data. In this interview, data expert and former investor Brad Schneider explains the fundamental flaw in personal data marketplaces: the bias problem. Learn why any system that pays for data attracts a non-representative audience, making the data itself not valuable to marketers. We'll explore why your individual data has very low value and why the dream of a personal data economy may not be feasible. Check out the company: https://nomad-data.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - The Search Engine for Commercial Data06:53 - Why Big Tech Hoards Your Data12:55 - How Your Data is Collected & Sold (Anonymously)15:52 - Will You Ever Get Paid For Your Data?16:20 - The #1 Reason Personal Data Markets Fail (The Bias Problem)18:54 - How Bias Skews All Data Analysis24:52 - The Future of Data Privacy & AI33:28 - How We'll Learn to Trust Superintelligent AI39:36 - The Simple Fail-Safe for Preventing an AI Apocalypse📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.
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The Real Reason You'll Never Get Paid For Your Data
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