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The data is used for market analysis, monitoring competitors' imports, and sourcing new suppliers overseas.
In modern times, surveillance abuse has become more widespread through corporate and industrial use of private security firms which may be used to conduct industrial espionage, monitor competitors, and target trade union leaders.
This type of approach can be very helpful to monitor competitors environment, moves and innovation trends and gives a macro-view of a technology status in order to evaluates its maturity and complexity.
Other industry executives, who closely monitor competitors' prices, as well as some regulators, said they only recently saw signs that Progressive, which insures four million cars and trucks, was widely applying the new pricing strategy.
The technology also allows for race officials to monitor competitors as they're on the course and make sure that no one gets off track or tries to run using a shortcut; doing so would register as an incomplete race on the shoe chip's tracking system.