Are companies using your Social Data?

Imagine a company denying you credit because of what you said to your friends a year ago on Facebook, Myspace or Twitter. Well if we all aren’t very careful it will happen and in some ways has already begun. A process called data mining is used to take bits of text from a website and attempt to make sense of the information. Doing something like this on a social Network can be a powerful tool that could empower a company with enough information about you to assume your behavioral pattern. The companies involved in this process claim they need the data to better personalize the service they give to their customers. You have to make a decision about how much personal information you want floating around cyber space because once it’s out it may be to late.



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