The Real Reason You'll Never Get Paid For Your Data

Episode 69 of the We Live to Build podcast, hosted by Sean Weisbrot, titled "The Real Reason You'll Never Get Paid For Your Data" was published on August 17, 2021 and runs 42 minutes.

August 17, 2021 ·42m · We Live to Build

Summary

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/reviewHow I Made $15M: https://welivetobuild.com/networkSubscribe on YouTube: https://youtube.com/@seanweisbrotFollow Sean on LinkedIn: https://linkedin.com/in/seanweisbrot Hosted on Acast. See acast.com/privacy for more information.

Episode Description