The Truth About Data Collection And How “Personal” Your Information Really Is
Business Intelligence Booms With The Babies
Photo Credit: Keystone-France/Gamma-Keystone via Getty Images
By 1958 businesses were ready to get into the data boom. Hans Luhn, working for IBM, believed that collecting data would guide businesses to achieve their monetary goals. The idea is similar to the concept used by social media companies today to drive advertising.
Seven years later the US Government got in on the action by planning the first data storage center. The center held 742 million tax records on magnetic tape. WIth room to grow, it added 175 million fingerprints. With these advances in data storage, a new era in information began.