--- title: "Meaning & Key Takeaway of: Here is a guiding principle: If a…" description: "\"Here is a guiding principle: If a business collects data on consumers electronically, it should provide them with a version of that data that is easy t..." image: "https://sms4smile.com/quotes/i/2d8/richard-thaler-3060_business_here-is-a-guiding-principle-if-a-busines_3146858.png" --- # Here is a guiding principle: If a business collects data… ![“Here is a guiding principle: If a business collects data on consumers electronically, it should provide them with a version of that data that is easy to download and export to another Web site.” quote by Richard Thaler](https://sms4smile.com/quotes/i/2d8/richard-thaler-3060_business_here-is-a-guiding-principle-if-a-busines_3146858.png) [Download](https://sms4smile.com/quotes/i/2d8/richard-thaler-3060_business_here-is-a-guiding-principle-if-a-busines_3146858.png) [Open image](https://sms4smile.com/quotes/i/2d8/richard-thaler-3060_business_here-is-a-guiding-principle-if-a-busines_3146858.png) > “Here is a guiding principle: If a business collects data on consumers electronically, it should provide them with a version of that data that is easy to download and export to another Web site.” [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Consumers should receive their personal data in a portable, machine‑readable format to enable switching services and protect privacy. **In simple terms:** Give users easy access to their data. Key Takeaway Provide downloadable data files. Themes privacy consumer rights data portability Mood concerned proactive Type policy consumer advocacy When to use this quote - e‑commerce - online banking - social media - health apps Key Concepts digital rights user empowerment regulatory compliance Questions to Reflect On - How can businesses balance cost with user rights? - What standards ensure data is truly portable? A Different Perspective Implementation may be costly for small firms. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Data](https://sms4smile.com/quotes/about/data/) [Principle](https://sms4smile.com/quotes/about/principle/) [Web](https://sms4smile.com/quotes/about/web/) ## Related quotes > [Facebook collects a lot of data from people and admits it. And it also collects data which isn't admitted. And Google does too. 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