How does the ability to transfer personal data between services benefit consumers and increase competition?
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How does the ability to transfer personal data between services benefit consumers and increase competition?
The ability to transfer personal data between services benefits consumers by empowering them to switch between different services more easily without losing their valuable data. This can lead to increased competition among service providers as consumers are not locked into one platform, encouraging companies to constantly improve their products and services to retain customers. Additionally, data portability can foster innovation as it allows for the development of new services that can make use of the transferred data, ultimately benefitting consumers with more choices and better quality services.