Question: How Much Is Your Data Worth?

Is data worth more than oil?

However, in today’s “data economy,” it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable.

Like oil, raw data’s value comes from its potential to be refined into an essential commodity..

What can hackers do with your personal information?

Hijack your usernames and passwords. Steal your money and open credit card and bank accounts in your name. Ruin your credit. Request new account Personal Identification Numbers (PINs) or additional credit cards.

How do you find the value of data?

Data Economic Valuation MethodologyStep 1: Determine Financial Value of the Targeted Business Initiative. … Step 2: Identify Business Decisions that Support Targeted Business Initiative. … Step 3: Quantify Value Of Individual Decisions. … Step 4: Assess Value of Each Data Source to Each Decision.More items…•

What is the most valuable asset on earth?

Data is now the most valuable resource in the world, beating out oil, according to The Economist.

Is Google worth more than Facebook?

Market Cap Difference: 2020 vs. 2019CompanyDifference in Value% DifferenceFacebook$198 billion $198 billion51%Google$191 billion $191 billion26%Amazon$160 billion $160 billion21%Disney$94 billion $94 billion56%21 more rows•Jan 3, 2020

Can I sell my data for money?

There are several ways you can sell your data, including selling it to another company directly or joining a marketplace. You can sell your data itself or sell the insights you gain from it. … Join a private marketplace: You can also join a private data marketplace where companies exchange data.

How do hackers sell information?

Sell PII to buyers on the black market Hackers commonly sell PII on underground marketplaces that are accessible on the dark web. Typically, PII will be sold in bulk batches. The more recently the data has been stolen, the more valuable it is.

How much is your personal data worth to hackers?

Stolen identity – $0.10-$1.50. Medical notes or prescriptions – $15-20. Stolen medical records – $0.10-$35. ID or passport – $1-35.

How much is a user worth?

#10 Groupon’s each user is worth $28 The online coupon app startup has a market cap of $4 billion with 160 million users.

What is the most expensive asset in the world?

This is the world’s most expensive asset class Government bonds are the priciest assets in the world, with Japanese debt topping the overpriced league, according to a new report from Deutsche Bank.

What kind of data is valuable?

Semi-structured and unstructured data can have value, but the most valuable data, day in day out, is structured data. Your most valuable data does not typically come in massive volumes, varieties and velocities.

How much is a stolen identity worth?

Recent research shows that the value of personal identification information can vary significantly, depending on the nature of information stolen. For example: a drivers license – $20. credit or debit cards – $5 to $110[1]

Is data worth more than gold?

Data collected in isolation has no value, so like gold, it needs to be manipulated and analysed to get the most out of it. Therefore like gold, data is a commodity. And it is the insight mined from this valuable resource that is the currency that gives you and your company the means to drive organic growth.

How much money does Google make selling data?

That’s about $400 million every day. Profit margins are currently at around 23 percent, so that’s $92 million every 24 hours in profit. While the company earns its cash in many different ways, it primarily earns its revenue on the back of your Google data.

What is Facebook Data Worth?

Estimates on what user data is worth vary widely. They include evaluations of less than a dollar for an average person’s data to a slightly more generous US$100 for a Facebook user.