Mobile applications today have become an integral part of daily lives and it has become difficult to manage it without them. From meditation to shopping, there is an application for everything. These applications further, are notorious for tracking, storing, and analyzing the data unintentionally fed into them. For instance, for users enabling their locations to receive the usual weather reports, region-wise news, social media updates, etc., companies owning those applications can track the precise locations of those users with sophisticated algorithms and technologies.
These companies then can sell, use, or analyze the data and can further share it with third parties seeking insights into consumer behavior and other related metrics. American companies alone are estimated to have spent over $19 billion in 2018 acquiring and analyzing consumer data, according to an Interactive Advertising Bureau Research Report.
The global mobile applications economy has risen significantly as companies have started investing heavily in developing and refining mobile applications. The global mobile application market size was valued at $106.27 billion in 2018, and is projected to reach $407.31 billion by 2026, growing at a CAGR of 18.4 per cent from 2019 to 2026.
But with the growing revenue in the mobile applications sector, the cases of privacy concerns have also seen a consequential increase. Researchers at Oxford University had examined the inbuilt code in several mobile applications which led to the revelation that the code itself allows for users’ data to be shared widely. Furthermore, it highlighted the centralization of data collection as the majority of the data collected flowed upwards into the hands of only a few companies, primarily Google’s parent company Alphabet, as well as Facebook, Twitter, Amazon, and Microsoft.
This story is from the October 2021 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2021 edition of PCQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Importance of data privacy and security measures for secure digital learning
Prioritizing data protection and security is not just a technical prerequisite; it's also an ethical and strategic imperative for fostering trust and ensuring academic success in the digital age
How automotive electronics is responding to the evolving market needs
The fusion of automotive and electronics is revolutionizing driving, turning cars into multifunctional hubs. Enhanced safety systems, smart infotainment, heads-up displays, and connectivity redefine the driving experience, prioritizing safety, convenience, and entertainment for all occupants
The evolving face of digital piracy: Trends and tactics in 2024
Amidst the ongoing conflict between pirates and rights holders, there arises a crucial necessity for a collaborative approach encompassing technological innovation, regulatory interventions, and public awareness initiatives to effectively counter digital piracy in India
Navigate the intersection of AI and privacy
The evolving landscape of AI deployment, emphasizing the growing recognition of the need of having on-premise AI solutions and the need for customization to meet specific organizational needs
Revolutionizing fleet management with AI
AI heralds a new era in transportation, promising unparalleled efficiency, safety, and scalability. Its transformative power is set to revolutionize fleet management and logistics, unlocking unprecedented opportunities for optimization and innovation
How AI is revolutionizing Assistive Technology
Al-driven advancements are revolutionizing assistive technology, empowering individuals with disabilities to lead more independent and fulfilling lives.
The universe of open-world games: Exploring the best in the genre
Open-world gaming offers players unparalleled freedom and immersion, facilitated by advanced technology and creative design elements that blur the lines between reality and virtuality
What's the current hullabaloo around the future of AI chips?
AI is not a product per se, like an iPhone or laptop! You cannot log into Amazon or Etsy and buy an Al!! Just look at the development of Al! If it is that easy to develop and deploy, it cannot be a wonder, at least, not for me! At best, it is a tool!
Generative AI: A problemsolving powerhouse
Generative AI is reshaping problem-solving across diverse industries, driving innovation, and improving efficiency while necessitating ethical considerations for responsible deployment
The Gen AI revolution in product design
Generative AI is pushing the boundaries of innovation by enabling more creative exploration of design possibilities through generating a range of design options and optimizing product designs for factors like weight, strength, and performance