How does a website generate profit? One basic idea is ads, but in class we learned it goes more than that. It's providing services and products to the worldwide web and hoping that they buy into it.
As I do my daily research of whats new and "good" in the world with technology, I stumble upon this...http://designmind.frogdesign.com/blog/the-hidden-cost-of-free-problems-with-the-personal-data-economy.html . All within in 10 min of leaving class I find an article that I wasn't even searching for relating to costs of the open web!
We think things are free, but we are paying by giving out our information! The mass web collect our data and see how they can use the user, as a target. That being advertisements, emails, anything to get the products and services of their clients to the right market (customers). We can hope that businesses only gather our data to be able to sell what the provide, and not turn into mass hackers that steal identities and priceless information.
This idea was not brought up in class because this is an abstract thought that I don't think any of us really tapped into. Our personal information is worth a lot! It is our lives, which is turned into a marketing ploy and plan for companies to use as their model on who to sell to.
But today's class was still very interesting. It shows more on how technology, business, databases, and profits all connect which is MIS!
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