Seek, and ye shall be data-mined



Next month marks an anniversary of sorts for the internet giant Google. Fifteen years ago, on July 8, 1998, Larry Page, the company’s co-founder, is said to have brought the term “googling” into our collective consciousness, using the word in a short memo that ended “have fun and keep googling”. Not that the corporation is likely to commemorate this auspicious birthday.

Google disavowed “googling” a decade ago, believing the generic use of its trademark could damage its brand, although the term’s subsequent passage into the lingua franca (and the Oxford English Dictionary in 2006) means the corporation is pretty much stuck with it, come what may.

This vignette neatly encapsulates Google’s high-speed journey from obscurity in the late 1990s to utter ubiquity sometime shortly after the turn of the century. Where once the brand seemed concerned it might become lost in a forest of consumer choices and competing services – AOL, AltaVista, Lycos, Yahoo! etc – now one cannot imagine an internet search that doesn’t involve googling. When was the last time you asked Jeeves about anything?

The subject of what Google does with all the information it collects when we use its services has recently been put into sharp focus by Edward Snowden, the former CIA worker and NSA contractor turned whistle-blower. Snowden told The Guardian newspaper last week that he felt compelled to spill the beans because he did not want to live in a world "where everything I do and say is recorded".

This seems to be a 20th-century response to a 21st-century problem. Using online services and having a digital identity, however slight, is a fact of our lives and makes it next to impossible for one to operate below the radar.

Furthermore, putting aside any Orwellian visions of “Big Brother”, few of us, I suspect, are really completely unhappy about data collection. It is what that information might be used for and by whom that truly irks.

In an interview with The National earlier this year, Viktor Mayer-Schönberger, the co-author of the new and largely indispensable book about the world we live in, Big Data: A Revolution That Will Transform How We Live, Work and Think, said "the privacy issue is a dark side of big data. The way that we protect privacy is not working.

“If I collect your personal information but can’t tell you what purposes I am using it for – that is not consent, or at least not informed consent. That kind of challenge will become starker and require us to think about novel ways to protect privacy and to make data users accountable for how they use data.”

The challenge in the big-data era and for those brands that make most from collating and storing information, is to begin a conversation about the sea of data they all collect about us, what they intend to use it for, what it might be used for and to be less opaque about terms and conditions of operation.

Google remains an inspirational company, as witnessed by the unveiling of the first phase of its Loon project last week in New Zealand, which uses high-altitude balloons to bring reliable internet coverage to places that were previously off the grid. The project employs algorithms to work out where the balloons are best sited to provide maximum coverage and then motors the devices into place.

If Loon proves effective – and the project’s leader calls it a “huge moon shot”, so nothing is assured – it will increase network penetration and lessen expansion costs by reducing the need to lay fibre-optic cables into remote areas of the world.

There could hardly be a better example of Google’s positive and transformative work. The issue now is for the world of big data to become equally democratic and enriching.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
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Results

Stage seven

1. Tadej Pogacar (SLO) UAE Team Emirates, in 3:20:24

2. Adam Yates (GBR) Ineos Grenadiers, at 1s

3. Pello Bilbao (ESP) Bahrain-Victorious, at 5s

General Classification

1. Tadej Pogacar (SLO) UAE Team Emirates, in 25:38:16

2. Adam Yates (GBR) Ineos Grenadiers, at 22s

3. Pello Bilbao (ESP) Bahrain-Victorious, at 48s

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

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Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

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