Companies Could Be Forced to Release Data

The video discusses how data can be used to make life easier and cheaper by ensuring consumers get the best offers. It highlights the benefits of electronic storage for organizing receipts and financial data. The video emphasizes the importance of consumer control over their data to achieve savings, while also addressing concerns about privacy and trust in websites. It discusses the security risks associated with data sharing and the need for secure access. Finally, it mentions companies participating in data sharing initiatives.

What is one of the main benefits of having electronic access to personal data?

• It allows for easier access to lost receipts.

• It provides free internet access.

• It ensures higher interest rates on savings.

• It guarantees lower taxes.

What is a potential downside of data sharing mentioned in the video?

• Loss of internet connectivity.

• Higher energy usage.

• Receiving unwanted emails and junk mail.

• Increased phone bills.

What is a concern when using a website to find the best deals?

• The website could have outdated information.

• The website might not be trustworthy.

• The website could be too expensive to use.

• The website might not be user-friendly.

What is a key concern when consolidating personal data in one place?

• It might make it easier for hackers to access the data.

• It could result in slower internet speeds.

• It could lead to increased data storage costs.

• It might cause data to be lost permanently.

Which companies are mentioned as participating in data sharing initiatives?

• Microsoft and Apple.

• Facebook and Twitter.

• Lloyds Bank and Three Mobile.

• Google and Amazon.