I just read an article in Wired called “Should Web Giants Let Startups Use the Information They Have About You?” The article is really more about issues surrounding Web scraping and data API’s than what the title suggests. (There’s a lot more data out there than just personal information.)
There are many ways to make data more valuable. One can aggregate them. One can add structure/metadata to them. One can filter them. One can join/link different data types together. It’s unrealistic to think that any one organization has gotten all possible value out of any particular data. Someone can always come along and process the data further to generate additional value.
Now, if that’s the case, then it’s economically inefficient (for the general society) if an organization forbids further use of their data. Unfortunately, the debate today tends to be polarized into the free use versus no use camps. One hopes that some kind of market mechanism will emerge as a reasonable middle ground. Today we know so little about the dynamics and the economics of data that it’s not clear what that market will look like and what rules are needed to keep it functioning healthily, but these are issues we need to address rather than throw around rhetoric about ‘freedom’.