VaughanJB
Scrappy VIP
There are many ways to determine the state of the economy. For example, overall, the stock market is doing well. But things are different where the rubber meets the road. Food prices continue to rise, utilities are going up, and housing costs for renters could be described as being out of control.
One area that shouldn't be overlooked is repo. Car repossessions are increasing, and now are at levels last seen after the 2008 financial meltdown.
That's an issue that deserves a thread all of its own, but I wanted to discuss peoples feelings specific to how repo's work today. Specifically, companies like Resolvion. Resolvion - and they're not the only player in this field - are using tech to simplify the repo process. Let me explain.
Remember those Google map cars that used to drive around and record streets in order to build a map of our wonderful planet at ground level? Well, similar tech is now in place to help with repo's. In short, vehicles fitted with camera's are driving around on the roads, reading an recording every license plate. This data is then compared with repo records, and if there's a hit, then the location of the vehicle is recorded in a database. Access to the database is then granted to repo companies who pay a fee.
But surely this is an expensive way to get data? Well, not so much. The so called "gig economy" means you can sign up with some of these services to help them read license plates. A camera is fitted to your car, and as you go about your business, data is accumulated. If you find a hit, and that hit is recovered, you get a small stipend.
One final twist - companies like DRNdata are using similar tech, but in their case, for marketing. They record cars in parking lots, and use that data for targeted marketing. For example, it will know how often you go to a specific store, and by cross reference car ownership with purchase data, can tell how often, and how much, you spend. This is then used for "targeted marketing".
But it doesn't end there. The DRNdata system is also known to record bumper stickers. This is also stored in the database. It has been used for political campaigns. For example, if it finds a concentration of a particular candidates bumper stickers, the party knows they have a stronghold and can target voters.
All this is happening, largely, because of this happening in "public spaces". Public spaces can also mean "anything goes", and tech companies are using their abilities to track you, for various reasons, without any consent being granted. They don't need consent, it's public!
Sorry for the long post - but what are your thoughts on this? People should just pay their bills? Hey, it is effectively public data? We're already being spied on?
One area that shouldn't be overlooked is repo. Car repossessions are increasing, and now are at levels last seen after the 2008 financial meltdown.
That's an issue that deserves a thread all of its own, but I wanted to discuss peoples feelings specific to how repo's work today. Specifically, companies like Resolvion. Resolvion - and they're not the only player in this field - are using tech to simplify the repo process. Let me explain.
Remember those Google map cars that used to drive around and record streets in order to build a map of our wonderful planet at ground level? Well, similar tech is now in place to help with repo's. In short, vehicles fitted with camera's are driving around on the roads, reading an recording every license plate. This data is then compared with repo records, and if there's a hit, then the location of the vehicle is recorded in a database. Access to the database is then granted to repo companies who pay a fee.
But surely this is an expensive way to get data? Well, not so much. The so called "gig economy" means you can sign up with some of these services to help them read license plates. A camera is fitted to your car, and as you go about your business, data is accumulated. If you find a hit, and that hit is recovered, you get a small stipend.
One final twist - companies like DRNdata are using similar tech, but in their case, for marketing. They record cars in parking lots, and use that data for targeted marketing. For example, it will know how often you go to a specific store, and by cross reference car ownership with purchase data, can tell how often, and how much, you spend. This is then used for "targeted marketing".
But it doesn't end there. The DRNdata system is also known to record bumper stickers. This is also stored in the database. It has been used for political campaigns. For example, if it finds a concentration of a particular candidates bumper stickers, the party knows they have a stronghold and can target voters.
All this is happening, largely, because of this happening in "public spaces". Public spaces can also mean "anything goes", and tech companies are using their abilities to track you, for various reasons, without any consent being granted. They don't need consent, it's public!
Sorry for the long post - but what are your thoughts on this? People should just pay their bills? Hey, it is effectively public data? We're already being spied on?
