People Turn Toward “Data Sifters” to Commoditize Smart Object Data

Anyone who is anti “Big Brother”, this may not be the article for you, in fact skip it. ūüôā
In the not so distant future, “Data Sifter” companies consisting of¬†Subject Matter Experts¬†(SME) across all verticals, ¬†may process¬†your data¬†feeds collected from ‘smart objects’. ¬† Consumers will be encouraged to submit their smart data to ‘data sifters’ who will offer incentives such as a reduction of¬†insurance premiums.
Everything from activity trackers, home automation, to vehicular automation data may be captured and aggregated.    The data collected can then be sliced and diced to provide macro and micro views of the information.    On the abstract, or macro level the information may allow for demographic, statistical correlations, which may contribute to corporate strategy.
On a¬†granular¬†view, the data¬†will provide “data sifters” the opportunity to sift through ‘smart’ object data to perform analysis, and correlations that lead to actionable information.
Is it secure? ¬†Do you care if a hacker steals your weight loss information? ¬†In fact, you might feel more nervous if only the intended parties are allowed to collect the information. Collected ‘Smart Object’ data enables SMEs to¬†correlate the¬†data¬†into:
  • Canned, ‘intelligent’ reports targeted to specific subject matter, or across silos of¬†data
  • ‘Universes’ (i.e. ¬†Business Objects) of data that may be ‘mined’ by consumer approved, ‘trusted’ third party companies, e.g. your insurance companies.
  • Actionable information based on AI subject matter rules engines

Consumers, people,¬†may have¬†the option of sharing their personal¬†data with specific companies ¬†by proxy, through a ‘data bank’¬†down to the data point¬†collected.¬† The¬†sharing of personal data or information:

  1. may lower [or raise] your insurance premiums
  2. provide discounts on preventive health care products and services, e.g. vitamins to yoga classes
  3. Targeted, affordable,  medicine that may redirect the choice of the doctor to an alternate.  The MD would be contacted to validate the alternate.

The ‘smart object’ data collected may be harnessed by thousands of affinity groups to provide very discrete products and services. ¬†The power of this collected ‘smart data’ and correlated information stretches beyond any¬†consumer relationship¬†experienced today.

At some point, health insurance companies may require you to wear a tracker to increase or slash premiums.  Auto Insurance companies may offer discounts for access to car smart data to make sure suggested maintenance guidelines for service are met.

You may approve your “data bank”¬†to give access¬†to specific soliciting government agencies or private research firms looking to analyze data for their studies. You may qualify based on the demographic, abstracted data points collected. ¬† Incentives provided may be tax credits, or paying studies.

‘Smart Object’ Adoption and Affordability

If ‘Smart Objects’,¬†Internet of Things (IoT)¬†enabled,¬†are cost inhibiting. ¬†here are a few¬†ways to increase their adoption:
  1.  [US] tax coupons to enable the buyer, at the time of purchase, to save money.  For example, a 100 USD discount applied at the time of purchase of an Activity Tracker, with the stipulation that you may agree,  at some point, to participate in a study.
  2. Government subsidies:¬†the cost of ‘Smart Objects’ through annual tax deductions. ¬†Today, tax incentives¬†may¬†allow you to purchase a ‘Smart Object’ if the cost is an itemized medical tax deduction, such as an Activity Tracker that monitors your heart rate, if your medical condition requires it.
  3. Auto, Life, Homeowners, and Health policy holders may qualify for additional insurance deductions
  4. Affinity branded ‘Smart Objects’ , such as¬†American Lung Association¬†may sell a logo branded Activity Tracker. ¬†People may sponsor the owner of the tracking¬†pedometer to raise funds for the cause.
The World Bank has a repository of data, World DataBank, which seems to store a large depth of information:
World Bank Open Data: free and open access to data about development in countries around the globe.”
Here is the article that inspired me to write this article: