This will continue to happen as long as data is viewed as an asset to hoard.
It needs to be viewed like debt - a liability to manage. Ie only hold it when it provides you value greater than the risk and cost involved.
Current time in society "data" is a zero interest rate loan, that is never due, with no credit worthiness check, and no penalty for default. The incentives are perverse.
It absolutely doesn't align with the costs to society.
At bare minimum you need penalty for default, and a non-zero interest rate (with regular payments).
It needs to be viewed like debt - a liability to manage. Ie only hold it when it provides you value greater than the risk and cost involved.
Current time in society "data" is a zero interest rate loan, that is never due, with no credit worthiness check, and no penalty for default. The incentives are perverse.
It absolutely doesn't align with the costs to society.
At bare minimum you need penalty for default, and a non-zero interest rate (with regular payments).