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by HillaryBriss
3632 days ago
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> Farmers tell me, “Look, I know that my data has value because everyone wants it. The part that frustrates me is that companies want my data in return for some undefined ‘value.’ Meanwhile they are often upselling me for additional services that would not exist without my data." Sounds like a good description of what's been going on across the economy for 20 years. Farmers are asking the same question many others are asking: how can I keep more of my own data's value for myself? |
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1. This is tough, because the value of a single data point ("my data") is pretty much zero. The value is in the aggregate. Of course, without any data points, the value of the data is then zero. So the sum of the value of the individual data points does not equal the value of the data as a whole.
2. There's value to you in my ability to sell you more things. Which sounds nonsensical, but hear me out. If I'm able to sell you, it means you see value in that product or service greater than its cost. I would not be able to create that value for you without your data. So it's a help-me-help-you situation.