Be a data custodian, not a data owner

“Data is the new oil.” In the years since mathematician Clive Humby coined this phrase in 2006, the idea has taken on new meaning. For businesses today, personal data is not just a resource — it is a core profit-driver. But the value placed on “drilling for data” has come with a high price at the human level: a dangerous mindset of data entitlement, whereby companies collect personal information and use it to make money, with little regard to the people who lent it to them in the first place. Read more…