Many people are now opting to provide technology companies with their personal data in exchange for access to software. Do the advantages of this outweigh the disadvantages?

✨ Do you want to improve your IELTS writing?
Sharing personal
data
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with
software
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companies
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in exchange for using free
access
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to their
software
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is worry a trend. In my ,opinion Personal
data
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should not be used for commercial purposes.
However
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, many
software
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companies
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use it for their commercial benefits.
Data
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user
companies
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have
access
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to millions of
information
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of their
users
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which help
companies
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to add new feature to their applications.
Whereas
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software
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users
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have the risk of leaking vital
information
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to hackers.
Software
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companies
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use
data
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to solve universal problems like
access
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to banking and credit facilities for marginalised and poor segments of their database
users
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. Many fintech
companies
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now have
access
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to the
data
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of
users
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who don’t have
access
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to normal banking facilities.
Therefore
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, they launched many neo-banking apps to provide credit and banking facilities for them.
For example
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, In India Apps like Paytm, google Pay has revolutionised how banking happens among the poor sections of society. I am of the opinion that despite advantages
users
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are at risk of leaking
information
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to hackers.
However
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, the biggest risk of sharing
data
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is
users
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don’t have their consent of using their personal
information
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to
companies
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. To cite an example, In Europe GDPR guidelines are introduced by Eu to prevent
such
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practices. Which leads to strict policies for sharing
data
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with third parties. Social media apps like FB, WhatsApp and Instagram are now closely monitored because of
this
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.
Therefore
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, I would argue that opting to share personal
data
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with
software
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companies
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have disadvantages that outweigh the advantages.
To Conclude
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, Sharing
data
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in return for
access
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to
software
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has more drawbacks than benefits. It will have far-reaching consequences for its
users
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. If, strict
data
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-sharing guidelines are followed
then
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only
access
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to
software
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should be allowed to
users
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.

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