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Who Stands To Profit from the Quantified Self Movement?

BIG DATA

May 2, 2013

Details Magazine reports on the explosion of wearable devices and wellness apps that are often transmitting potentially sensitive data to the cloud. As many as five million Americans currently use wearable devices, and as much as $700 million was invested by venture capital firms in creating such devices in the first half of last year. As a result, one digital tracking group, Quantified Self, has been formed and abides by the credo, “Self-knowledge through numbers.” Others, however, are concerned about the privacy ramifications of transmitting personal health data to the cloud. One computer scientist worries the data could be used against an individual. “It might mean that if your health is looking shaky, all of a sudden you won’t be able to get a loan,” he said. Meanwhile, a California-based programmer has raised concerns that Google Glass could easily be compromised by hackers.
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