How To Earn Money By Sharing Data
From the age-old Facebook to the new entry Aarogya Setu app, all deal with trading data. Facebook already came to the limelight facing scrutiny over how information technology handles the private information of its users. Industry experts say giving away personal information of millions and millions of users is a way these organizations/apps earn money, without the customer coming to know about it.
Having said that, nowadays to use most apps, nosotros need to feed them personal information, besides every bit give them access to our data. However, apps have come up up that reward private with greenbacks remuneration for anonymously and consensually trading information. For example, between all the talks on contact tracing and information privacy, the Aiisma app allows its users to monetize through an anonymous substitution of information. The exchange of information is all behavioral data and non sensitive data points. Aiisma Inc. is a tech visitor based in the U.S. and subsidiaries in the United Arab Emirates and India. The app is on beta style now and is bachelor on Android.
With the ascension in requisition for user information, at that place has likewise been an increasing awareness about the value of data, and consumers are starting to demand the value for what they create. Ankit Chaudhari, CEO, and Co-founder, Aiisma says, "With the help of such a technology ecosystem, consumers can cull the kind of data they wish to share with businesses for a fair value. This app treats user data as their asset and helps them accomplish the value for information they share rather than making billions for tech companies that get user data for gratis."
Aiisma too has coronavirus tracking feature under the AiiHealth app. In the fight against coronavirus, contact tracing plays an important office to curb the spread of the affliction among communities. This app besides makes contact tracing easier using algorithmic tools to aid individuals, government agencies, likewise as civil societies to track people with infections and hotspot areas.
How does it do good users?
Chaudhari says, "Indian consumers are relatively less exposed to the 'Information equally an asset' concept but with younger population spending most of their time online rather than offline, the trend is catching up. Corporates globally recognize the value of over half a billion connected users and how they tin can contribute to future products, services, technology, visions, and more." Ane of the but publicly traded platforms in the infinite – SRAX – recently tied up with the Yash Birla group to bring their offerings to the Indian users, identifying this every bit almost UDS 80 Billion opportunity in near futurity.
As a user, one of the primary benefit you volition get is getting compensated for data that yous are already sharing with all the dissimilar applications on your devices. Gradually, yous can also participate in the apps survey'south, review new products, connect friends to the network, etc. and earn more than rewards and special discounts.
The app focuses on returning the power of data back to users. The Aiisma data marketplace rewards users for sharing their data with businesses in demand of real-fourth dimension, structured, filtered, and legal data to improve products, services, and growth. Most of the information collected by this app are anonymous and are not collected without the user's explicit consent.
How does the app piece of work?
- Offset with registration, which requests bones contact and demographic information.
- In one case the user has verified the contact details they can actuate data streams like geo-location, contacts, browser behavior, etc. equally they share with applications on their device. (The primary difference being, with the share of these data users, are being rewarded for information technology)
- The customer starts receiving the apps (internal rewards currency) within 24 hours of them activating data streams.
- While the data stream rewards are standard, the customer can earn additional rewards filling in their daily vitals, etc.
- There are too options like rewards associated with payments, advertisements the user watches, surveys they participate in, etc.
- After accumulating 5,000 internal rewards currency, the user can redeem this for Amazon vouchers, a credit directly to their bank accounts.
Scope of earing that one can expect
Depending on the demography, the kind of advertisements that they tin be exposed to, there spending power, etc. a normal user can make anywhere betwixt Rs. fourscore to Rs. 400, as of now.
Source: https://www.financialexpress.com/money/get-rewarded-for-sharing-your-data-here-is-how-to-do-it/1982266/
Posted by: olsonmoseng.blogspot.com
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