Last week location-based ad company JiWire announced a new ad service to help marketers target specific audiences based on location data it has collected from mobile devices. The product, Location Graph, uses the data to create anonymous user profiles based on the types of places people visit. Is this truly a new way to target or just a twist on the tried and true psychographic analysis?
A new algorithm developed by UK researchers can predict, within 1000 meters, where you will be in 24 hours based only on past location information. Add in data on where your friends are and the resolution drops to just 20 meters. What if you add in sensor data from your phone and data from your social networks and online shopping? What is possible, in terms of using these data to improve your personal life and the lives of entire communities?