FDVT: Personal Data Valuation Tool for Facebook Users by Ángel Cuevas (Universidad Carlos III) – DTL 2015 Grantee
Ángel Cuevas and Rubén Cuevas are co-PIs (Principal investigators) in this project.
A recent report of the Interactive Advertising Bureau revealed that online advertising generated in 2014 $49.5B worth of revenue only in US, representing an increase of 16% with respect to 2013, which in turn exceeded 17% the revenue of 2012. A great advantage of online advertising over more traditional printed and TV advertising is its capability to target individuals with specialized advertisements tailored to their personal information. For instance the ad campaign planner from Facebook (FB) allows defining an audience using more than 13 different attributes related to personal information of the end-user. Therefore, an online advertiser can launch a campaign targeting a well-defined audience based on personal information attributes, thus an important part of the FB business model is built up on top of the personal information of its subscribers. Although there are no doubts of the legality of the business model implemented by FB and other major players in the Internet, there are some actors raising the request of generating tools that let end-users knowing what is the actual value of their personal information. In other words, how much money FB, Google, and other companies in the on-line advertising market make out of my personal information. Providing Internet users with simple and transparent tools that inform them of what is the value that their personal data generates is not only a civil society request, but a demand from governmental forces.