Alana Levin
@alanadlevin
What data is valuable to own? Some thoughts riffing on this conversation between @kylesamani and @jesse last week:
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Alana Levin
@alanadlevin
Most data is valuable only in some aggregate form Example: what an individual listens to on Spotify has no predictive power over an artist’s ability to sell out a tour. The global leaderboards of artists on Spotify, however, might be useful to studios when planning venue locations / sizes, investing in new genres, etc.
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Alana Levin
@alanadlevin
Same dynamic of “valuable in aggregate, valueless solo” holds true for purchasing data, social graphs, attention hours, and more
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Alana Levin
@alanadlevin
User-owned data is valuable when: 1) There is upside in taking an action before others, and the data signals that the action is worth taking. We often see this in financial(ized) markets: trading stocks, buying real estate, etc. 2) There is a need for privacy (similar to the point Kyle makes; the value in owning is being able to exclude). Examples include healthcare data or SSNs
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Alana Levin
@alanadlevin
3) Accessibility degrades the user experience. Spam calls come to mind 4) There is some need for verification that an action came from the specified user. Jesse makes a good point here: https://x.com/jessewldn/status/1811421556192498066
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Alana Levin
@alanadlevin
When thinking about aggregate data, the distinction between user-owned and open access is negligible For instances where individual data is valuable, though, user ownership matters
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Sage
@sage
Yes! We are building /rolodexsocial for users to own their contacts data - where social utilities built on top of communities you are part of are meaningful (only to the individual user, but powerful nonetheless) Allows us to give a single player perspective on top of your private social graph (contacts data structure) which is dope when you visualise it.
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