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Personal Data as a Moneymaker

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Rethinking Personal Data. Back in November, we invited you to submit your thoughts on personal data use in the digital age. We integrated your responses into our report, Personal Data: The Emergence of a New Asset Class, which we released yesterday. Personal Data: The Emergence of a New Asset Class looks at the necessity to rethink personal data as an economic asset class, as it has the potential to represent untapped opportunities for economic growth and social benefit, whilst the issues of movement and protection of data must also be addressed. There are many interrelated and complex cultural, business, technology and policy trends shaping the personal data ecosystem, and the report presents a user-centric set of recommendations for individuals, private enterprise and policy-makers, highlighting five key areas for collective action. Innovate around user-centricity and trust. The personal data ecosystem will be built on the trust and control individuals have in sharing their data.

A Taxonomy of Privacy by Daniel Solove. George Washington University Law School University of Pennsylvania Law Review, Vol. 154, No. 3, p. 477, January 2006 GWU Law School Public Law Research Paper No. 129 Abstract: Privacy is a concept in disarray. Nobody can articulate what it means. In 1960, the famous torts scholar William Prosser attempted to make sense of the landscape of privacy law by identifying four different interests. A new taxonomy to understand privacy violations is thus sorely needed. Number of Pages in PDF File: 84 Keywords: privacy, taxonomy, Fourth Amendment, Prosser, Brandeis, philosophy JEL Classification: K00 Accepted Paper Series Suggested Citation Solove, Daniel J., A Taxonomy of Privacy. The Currency of the Internet is Personal Data. Is Personal Data the Next Killer App for the Web? | Endless Innovation. We are living in an unprecedented era in which personal data about our digital identity, our online activity, our financial dealings, our geo-location and even our Social Graph – is widely available across the Web.

If you think about the amount of data that you create on a daily basis – and the amount that can be tracked and recorded – the figure is truly staggering. By 2020, 50 billion devices will be connected to the Internet. What if this personal data actually became an economic asset that could be widely traded and exchanged with anyone from your local retailer to a government health organization? That’s the basic underlying thesis of a recent 40-page report by the World Economic Forum and Bain called Personal Data: The Emergence of a New Asset Class. Successful Internet companies like Google and Facebook already de facto recognize this fact. In many ways, their business models are based on the notion that they will be more profitable, the more information you share with them.

The Boundaries of Privacy Harm by Ryan Calo. University of Washington - School of Law; Stanford University - Law SchoolJuly 16, 2010 Indiana Law Journal, Vol. 86, No. 3, 2011 Abstract: Just as a burn is an injury caused by heat, so is privacy harm a unique injury with specific boundaries and characteristics. This Essay describes privacy harm as falling into two related categories. The objective category of privacy harm is the unanticipated or coerced use of information concerning a person against that person. The subjective and objective categories of privacy harm are distinct but related. The approach offers several advantages. Number of Pages in PDF File: 31 Keywords: privacy, harm Accepted Paper Series Suggested Citation Calo, Ryan, The Boundaries of Privacy Harm (July 16, 2010).