Intel Fuels a Rebellion Around Your Data

http://www.technologyreview.com/news/514386/intel-fuels-a-rebellion-around-your-data/

Intel is a $53-billion-a-year company that enjoys a near monopoly on the computer chips that go into PCs. But when it comes to the data underlying big companies like Facebook and Google, it says it wants to “return power to the people.”
Intel Labs, the company’s R&D arm, is launching an initiative around what it calls the “data economy”—how consumers might capture more of the value of their personal information, like digital records of their their location or work history. To make this possible, Intel is funding hackathons to urge developers to explore novel uses of personal data. It has also paid for a rebellious-sounding website called We the Data, featuring raised fists and stories comparing Facebook to Exxon Mobil. Intel’s effort to stir a debate around “your data” is just one example of how some companies—and society more broadly—are grappling with a basic economic asymmetry of the big data age: they’ve got the data, and we don’t. Internet firms like Google and Amazon are concentrating valuable data about consumers at an unprecedented scale as people click around the Web. But regulations and social standards haven’t kept up with the technical and economic shift, creating a widening gap between data haves and have-nots.

Read more:
http://economic.tylergroupservices.net/blog/job-seekers-beware-new-phishing-scam-makes-it-sound-like-youre-in/
http://economic.tylergroupservices.net/blog/category/social-security/