Man if I had a nickle for every time a PM asked me to violate user privacy for the purposes of making a slide that will be shown to their boss for 2.5 seconds I'd probably make enough to actually retire someday.
There's obviously misuse and abuse in the world, but telemetry from production systems out in the wild is incredibly useful for all kinds of decision-making. It's silly to dismiss it outright.
Some of it, yes. But not the kind that's put in place so the clueless Joe who used to do copy-writing 3 years ago can keep their high salary because they decided to join the proverbial "IT".