Ease of use is another, albeit less clear cut. If Ticketmaster knows I like heavy metal, they don't need to send me newsletters (that I opt in to manually of course) telling me about the upcoming country music gigs.
To be clear, I don't think that the current players are being useful to me as a consumer, they are abusing my data, but that's not to say that there is no use for tracking or personalisation,
I can definitely see how it could be more useful, but I don’t agree that the actual factor of this increase in productivity is infinite. Maybe a factor of 3 to 5.
That said, you're arguing semantics about the relative worth of the results, even if it is a factor of 5, that is more useful, and the answer to OPs question of is tracking useful is "yes".
Being logged into Facebook messenger because I'm logged into the Facebook app, gmail having access to info from gcal, Ticketmaster having access to livenation preferences are all examples of sharing within the same organisarion that benefit a user.
Google keeps giving me french ads even when I speak dutch, live in the dutch half of Belgium, and have a http request header saying i speak dutch or english. I get ads for all kinds of stuff I don't care about. In fact, I get ads for things I can't even buy in my country or continent if I wanted it. If google would tune their ads to the language i ask them, based on the query I entered, the results would be a lot better.
I presume the real value of all this tracking is they can companies to buy ads with them, even if the actual ad delivery mostly fails.
Now I bought a rubber mat on ali express, for opening all kinds of electronics. For weeks they tried to sell me rubber ... stuff ... and latex ... stuff ... and other related ... stuff .... until my wife started mocking me enough to stay of their site for a few months. That's another cost of relevant advertising ;-)
Then he introduced ads - mostly podcast ads. Marco created his own ad platform just for his app and he doesn’t use any third party ad SDK. I both found the ads useful and I didn’t feel guilty because he was generating revenue.
For example single sign on, or a chat with a company representive when the company has several domains.
This "tracking" just needs to be clearly visible and controllable by the user.
It would be good if web browsers had a mode, where every time a site is trying to access cross domain cookies, a confirmation dialog was shown with details of the data requested, how the site is going to use it, their privacy policy. With options Allow once, always, 3 days, etc.