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Can an Industrial Giant Become a Tech Darling? (Ep. 357)

1 pointsby wesdover 6 years ago

1 comment

wesdover 6 years ago
It seems Ford CEO thinks they can collect and monetize drivers data:<p>-- So the case I would make is that we have as much data in the future coming from vehicles, or from users in those vehicles, or from cities talking to those vehicles, as the other competitors that you and I would be talking about that have monetizable attraction.<p>--The issue in the vehicle, see, is: we already know and have data on our customers. By the way, we protect this securely; they trust us. We know what people make. How do we know that? It’s because they borrow money from us. And when you ask somebody what they make, we know where they work; we know if they’re married. We know how long they’ve lived in their house, because these are all on the credit applications. We’ve never ever been challenged on how we use that. And that’s the leverage we’ve got here with the data.