Okay okay, i knew what you're thinking "is this guy for real? we already knew that, smh". You're not wrong, i might exaggerate that title a bit, but you got the idea right? .
Everyday we're bound to read every single line of Term of Service & Privacy Policy for every online service we sign up to, if we're concern about our privacy and security.
I personally fine with obeying TOS and consenting with what type of information that might get collected by using an online service. Since in our personal life, we also bound to obey ethics, law, etc in order to be a good citizen (i personally against all kind of so called "law" since i hate being supressed. But hey! If most of the time it does help to prevent people to harm each other and it's environment. Why not ?)
The only problem i had with this "Data Collection" is that
The lacks of well written "Data retention" policy on every single available service on the internet.
Why ? you may ask. Well, simply because i don't trust a corporation potentially store my personal information permanently on their server, unless they could provide an audit report from an external organization regarding how secure their system is. Until then Please provide a better and easily understandable "Data Retention" policy!
Yeah. You heard that right. The lacks of source means "we" as an "user" couldn't do an audit for what might and what does get collected by those software owner. Sure you might reverse-engineer it like a boss, unfortunately not everyone does that. (which is a bit sad).
Take automatic telemetry or crash report for example. You maybe could tell if your installed software sending an internet traffic to site A if you did reverse-engineer every software that you used. You could possibly add a firewall to prevent that internet traffic to reach the intended destination, you could do a packet capture and see what's inside, But if it's encrypted you'll never know what could possibly get collected
Again unless you (software developer & online service owner) could provide an audit report regarding how secure your system is. You shouldn't hide your source code