A Quote by Max Levchin

The world is now awash in data and we can see consumers in a lot clearer ways. — © Max Levchin
The world is now awash in data and we can see consumers in a lot clearer ways.
In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must ask what big companies do with our data, a question directed to both the online and traditional ones.
We're living in a world now where consumers are bombarded with thousands of commercial messages - they're everywhere you look. Unless you can cut through that and engage someone, I think you are lost. Consumers are now clearly in control. They control what they hear and see, when, and where. You have to find ways to allow them to actively engage with you, or the money you spend is wasted.
The IPCC (Intergovernmental Panel on Climate Change, a group of more than 2,500 scientists) has provided the world community with first class assessments of the soaring temperatures the world is facing, the devastating impacts of these rises and the ways in which we can try and avoid the worst effects of global warming. We now know climate change is real and the hand of humankind in this warming is becoming clearer and clearer.
Drawing makes you see things clearer, and clearer and clearer still, until your eyes ache.
Disruptive technology is a theory. It says this will happen and this is why; it's a statement of cause and effect. In our teaching we have so exalted the virtues of data-driven decision making that in many ways we condemn managers only to be able to take action after the data is clear and the game is over. In many ways a good theory is more accurate than data. It allows you to see into the future more clearly.
Scientists learn about the world in three ways: They analyze statistical patterns in the data, they do experiments, and they learn from the data and ideas of other scientists. The recent studies show that children also learn in these ways.
If old consumers were assumed to be passive, then new consumers are active. If old consumers were predictable and stayed where you told them, then new consumers are migratory, showing a declining loyalty to networks or media. If old consumers were isolated individuals, then new consumers are more socially connected. If the work of media consumers was once silent and invisible, then new consumers are now noisy and public.
Here is a guiding principle: If a business collects data on consumers electronically, it should provide them with a version of that data that is easy to download and export to another Web site.
Apple knows a lot of data. Facebook knows a lot of data. Amazon knows a lot of data. Microsoft used to, and still does with some people, but in the newer world, Microsoft knows less and less about me. Xbox still knows a lot about people who play games. But those are the big five, I guess.
What we know is smartphones are everywhere and they are rich in data. What we know is that there are apps once downloaded by the consumer that will also in turn download the consumers' contact book. Most consumers don't want that to happen and don't know it's happening.
The USA Freedom Act does not propose that we abandon any and all efforts to analyze telephone data, what we're talking about here is a program that currently contemplates the collection of all data just as a routine matter and the aggregation of all that data in one database. That causes concerns for a lot of people... There's a lot of potential for abuse.
Go out and collect data and, instead of having the answer, just look at the data and see if the data tells you anything. When we're allowed to do this with companies, it's almost magical.
I've learned a lot just being able to see things clearer.
The message has become clearer to the nation about AIDS. People used to think they could catch it all kinds of ways, but we now know that it is absolutely passed through bodily fluids.
One of the hugest ways that will make an impact, which is only in its infancy right now, is corporate accountability. Consumers at the buying point saying, 'Can you certify to me that this product is slavery-free?' And most cannot right now.
I've been through a heartbreak and seen the business side of the music industry. Now I see things clearer.
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