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TED Talks Daily

Why you should get paid for your data | Jennifer Zhu Scott

TED Talks Daily

TED

Creativity, Business, Design, Inspiration, Society & Culture, Science, Technology, Education, Tech Demo, Ted Talks, Ted, Entertainment, Tedtalks

4.1 β€’ 11.9K Ratings

πŸ—“οΈ 26 April 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

The world's most valuable tech companies profit from the personal data you generate. So why aren't you getting paid for it? In this eye-opening talk, entrepreneur and technologist Jennifer Zhu Scott makes the case for private data ownership -- which would empower you to donate, destroy or sell your data as you see fit -- and shows how this growing movement could put power (and cash) back into the hands of people.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

It's Elise Hugh with TED Talks Daily.

0:06.2

The most profitable companies in the world right now control our data.

0:10.7

Data is considered the most valuable asset these days, and in a connected world, we're only generating more of it.

0:17.6

In her TED Women Talk from 2019, the entrepreneur and technologist Jennifer

0:22.1

Jew Scott calls for a more level playing field when it comes to data. She uses her own life story,

0:28.7

which began in poverty in West China, to help us understand why we should take personal

0:33.5

ownership of our data.

0:37.6

I grew up in the late 70s in rural China.

0:42.0

During the final years of my country's pursuit of absolute equality

0:46.0

and expense of liberty, at that time, everybody had a job, but everyone was struggling.

0:54.1

In the early 80s, my dad was the electrician,

0:57.0

and my mom worked two shifts in the local hospital. But still, we didn't have enough food,

1:03.3

and our living conditions were dismal. We were undoubtedly equal. We were equally poor.

1:09.9

The state owned everything, we own nothing. The story I'm

1:14.7

going to share with you is about my struggles of overcoming adversity with my resilience, grit,

1:22.6

and sheer determination. No, I'm just kidding. I'm not going to do that to you.

1:30.8

Instead, I'm going to tell you, talk about today, is about a new form of collective poverty

1:38.9

that many of us don't recognize and urgently need to be understood. I'm sure you've noticed that in the past 20 years, that asset has emerged.

1:47.0

It's been generating wealth and a break net pace.

1:51.0

As a tool, it has brought businesses, deep customer insights,

1:55.0

operational efficiency, and enormous top-line growth.

1:59.0

But for some, it has also provided device

...

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