• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechDigital Health

The biggest share in the sharing economy

By
Clifton Leaf
Clifton Leaf
Down Arrow Button Icon
By
Clifton Leaf
Clifton Leaf
Down Arrow Button Icon
August 7, 2015, 9:58 AM ET
Inside IBM Corp.'s Watson Headquarters Prior To Opening
International Business Machines Corp.'s (IBM) Watson is seen in the immersion room during an event at the company's headquarters in New York, U.S., on Tuesday, Oct. 7, 2014. To help commercialize the technology famous for beating humans on the "Jeopardy!" game show, new languages such as Portuguese and Japanese are being added to the Watson service this year, said Stephen Gold, vice president of the Watson Group business. Photographer: Michael Nagle/Bloomberg via Getty ImagesPhotograph by Michael Nagle – Getty Images

Readers of a certain age—as well as fans of campy 1980s “rock musical horror comedy films” (Thank you, Wikipedia)—may remember a certain insatiable plant who cried out, “Feeeeed me…!” Well, if they ever remake “Little Shop of Horrors,” they might want to recast the plant as Watson, IBM’s (IBM) ever-hungry cognitive computing wizard, which just yesterday got served up a monster meal of data.

Supper, in this case, came in the form of Merge Healthcare, a company whose software processes and stores medical images like X-rays and CT scans, and which IBM swallowed up for $1 billion. That followed several feedings in the spring—when Big Blue bought a company called Explorys, which had amassed a staggeringly large data set from millions of medical records and 317,000 healthcare providers, and when it purchased another health data company called Phytel…and when it said it would snack on data from an untold number of Apple devices in a new partnership.

 

That’s the thing about overgrown artificially intelligent supercomputers. Those suckers like to eat. Which brings us into the picture—and by “us” I mean the not-so-artificially intelligent beings who provide all this feedstock. Collectively speaking, these are our medical records, after all. Our heart rates and sleep cycles and steps taken in a day. Even when the data points are anonymized—stripped from the identifiers that identify us individually—they are bits and bytes that point to our biology: our cholesterol levels, our genes and gene mutations, our outcomes in clinical trials.

Amazingly, though, there has been little resistance to handing it over. Many of us now volunteer to surrender our fitness-tracking data, generated by the ream on smartphone apps and Apple Watches (AAPL) and Fitbits (FIT). “We’re all suddenly willing guinea pigs,” says Matt Stempeck, the 31-year-old director of civic technology at Microsoft (MSFT), a position that didn’t exist a year ago. “We all want to be part of the experiment these days.”

Almost by definition, the class of early tech-adopters is more trusting of technology’s ability to help, and less fearful of its capacity to harm. And the widespread hope (and probably belief) is that these exabytes of human experience will lead to cures of disease, better medical technology, and earlier detection of illness. “It feels like a very small thing to do to contribute to research that might help a lot of people—especially with something like a wearable,” says Stempeck, who landed at Microsoft after a stint at the prestigious MIT Media Lab and freelancing on Google’s (GOOG) social impact team. “We’re basically trusting that the people sharing our data will do so in an ethical way that will protect our privacy,” he says—and besides: “Younger generations are sort of used to the idea that all our stuff is out there anyway, whether it’s Facebook (FB) or the NSA.”

[fortune-brightcove videoid=4308434338001]

 

Sharing data, indeed, has become the new philanthropy—a social contract for the Millennial Age. And who knows? It just may be the most powerful thing to emerge from the sharing economy.

About the Author
By Clifton Leaf
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

lancaster
AIschools
Two private school boys get probation for using AI to create 350 fake nudes of their classmates
By Mark Scolforo and The Associated PressMarch 25, 2026
4 hours ago
melania
PoliticsWhite House
Enter Melania Trump, escorted by humanoid robot: ‘I’m Figure 03, a humanoid built for the United States of America’
By Darlene Superville and The Associated PressMarch 25, 2026
5 hours ago
bernie
AICongress
Bernie Sanders and AOC launch bill to ban new data-center construction
By Matthew Daly and The Associated PressMarch 25, 2026
5 hours ago
Big TechSocial Media
A court just ruled that tech addiction is real—and dangerous. It could be Meta and YouTube’s Big Tobacco moment
By Kristin StollerMarch 25, 2026
5 hours ago
Warner gestures
AIAmerican Politics
New college grad unemployment will spike to 35% in 2 years, senator warns, forcing ‘Dario, Sam’ to quit AI fear-mongering
By Jacqueline MunisMarch 25, 2026
7 hours ago
Big TechMeta
Meta and YouTube found liable in landmark child social media harm case, ordered to pay $3 million—with punitive damages still to come
By Kaitlyn Huamani, Barbara Ortutay and The Associated PressMarch 25, 2026
7 hours ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
2 days ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
1 day ago
Success
The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs
By Fortune EditorsMarch 25, 2026
18 hours ago
Energy
Nobel laureate Paul Krugman calls it 'treason': $580 million in suspicious oil futures traded minutes before Trump's Iran reversal
By Fortune EditorsMarch 24, 2026
1 day ago
Success
JPMorgan has started monitoring the keystrokes, video calls, and meetings of its junior investment bankers—and they say it's for employee well-being
By Fortune EditorsMarch 24, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.