Data Collection and Monetization

• 📊 Big tech companies collect thousands of data points on users, including age, income, and browsing history, which are used to create detailed user profiles.
• 📈 The value of user data lies in its ability to be used for targeted advertising, market research, and other business strategies.
• 💸 Companies like Snowflake, Teradata, and Palantir specialize in compiling and managing billions of data points, making them worth billions of dollars.
• 🚀 The cost of storing data has decreased significantly, making it easier for companies to collect and analyze large amounts of data.