“Devices are cooling down as tech’s elite moves on to less tangible signifiers of wealth and luxury. As the majority of the U.S. arrives at a smartphone-saturated future, Silicon Valley is neck-deep in a backlash against it. Perhaps more than anyone else, those who work in technology are doing their best to back off in their personal lives. Jack Dorsey tweeted in March that he uses his phone a bit more than 6 hours a day to simultaneously helm two companies worth nearly $30 billion each.”
Milton Padraza of The Luxury Institute says, “What sophisticated consumers will value far more than tech gadgets in the new roaring 20’s is having control of their personal data, with privacy and security. Your data will serve YOUR needs for a change, with your own private personalization tools and dashboard delivered by On-device AI to dramatically improve your decision making agility and enhanced life performance. That’s REAL luxury. Individuals will only share relevant, real-time data with ethical brands that they trust to personalize and serve their interests, especially with high value purchases and investments. 2020 is the beginning of the end for Big Data. Individual data will matter most. It’s complex. But the Personal Data Economy is where the smart money will invest in 2020. Luxury goods and services brands need to get educated real fast in order to serve the needs of clients who will demand real, real-time personalization. You heard it here first.”
Gam Dias: I don’t think that another statement will resonate more with me this decade… “Your data will serve YOUR needs for a change, with your own private personalization tools and dashboard delivered by On-device AI to dramatically improve your decision making agility and enhanced life performance.”- Milton Pedraza. For me it expresses the dual trajectories of MyData and Mobile devices. (read the ongoing conversation on LinkedIn.
Tech’s Rich and Powerful Are So Over Their Gadgets by Blake Montgomery