At the time of writing, more than 12% of homes worldwide are considered ‘smart homes’ due to having one or more connected devices. That figure is forecast to reach 21% by 2025. To the companies that develop and manufacture many of these devices, data is the new currency. It’s often widely shared ‘ often without direct consent ‘ with third parties such as other manufacturers, insurance companies, data aggregators, social media sites and even the government, all of whom have a vested interest in your data. The best thing we can do is retain as much control as possible.
Source: https://www.helpnetsecurity.com/2021/01/28/data-privacy-day-2021/