Are you aware of what Data Collection is? | How to financial | January 19, 2025
What are some of the Cons of Data Collection:
Privacy Risks
- Personal info can be exposed or misused
- Companies and government may track online activity
- Lack of how consent and unawareness of how data is collected and shared without permission
Bias & Discrimination
- Historical Bias: Datasets reflect past inequalities. AI models trained on past inequalities may continue these injustices such as racial or gender disparities in hiring decisions
- Sampling Bias: Data collected from a limited group that dosent represent broader population which leads to inaccurate predictions or decisions
- Exclusionary practices: Some communities may be under represented in data collection
- Algorithmetic Bias: Machine learning models may unintentionally favor one group over another if the training data has imbalances or reflects human prejudices
Lack of Transparency
- Lack of information surrounding how and why data is collected, used or shared. Why and by whom, is, collecting data, is always a mystery.
- Limited awareness: Most users dont fully understand what information about them is being gathered
- Hidden data sharing: Organizations may share or sell user data to third parties without clear disclosure, leading to unexpected uses of personal information
- Difficulty in consent: Privacy, policies and terms of service are often complex, making it challenging to determine what users are actually agreeing to
- Lack of control: Without clear access to or knowledge about data usage, individuals may struggle to protect or manage their own digital footprint
Manipulation & Exploitation
- Collected data can be used to influence consumer behavior, political views or societal trends in ways that benefit corporations or governments more than individuals
Information provided by Microsoft Copilot
Related information: Here’s why you should take control of and delete your personal data online
