- 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:
- may lower [or raise] your insurance premiums
- provide discounts on preventive health care products and services, e.g. vitamins to yoga classes
- 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.
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
- [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.
- 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.
- Auto, Life, Homeowners, and Health policy holders may qualify for additional insurance deductions
- 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.
World Bank Open Data: free and open access to data about development in countries around the globe.”