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Tag Archives for " Big Data "

Privacy issues emerge as major business risk for Facebook

Facebook faces substantial business risks from new European Union privacy rules set to take effect in May, a looming reality that came into stark relief over the weekend with revelations that a controversial political consulting firm had improperly obtained personal data on 50 million Facebook users.

Privacy experts said the disclosure that a researcher had sold Facebook data collected via a personality quiz to the consulting firm Cambridge Analytica is a prime example of the kinds of practices that the new General Data Protection Regulation, or GDPR, is supposed to prevent or punish.

Source: Privacy issues emerge as major business risk for Facebook

China to bar people with bad ‘social credit’ from planes, trains

China said it will begin applying its so-called social credit system to flights and trains and stop people who have committed misdeeds from taking such transport for up to a year.

People who would be put on the restricted lists included those found to have committed acts like spreading false information about terrorism and causing trouble on flights, as well as those who used expired tickets or smoked on trains, according to two statements issued on the National Development and Reform Commission’s website on Friday.

Source: China to bar people with bad ‘social credit’ from planes, trains

Why Blockchain Technology Is the Answer for Big Data Regulation

With the upcoming EU regulations on big data in the form of the forthcoming General Data Protection Regulation (GDPR), the way businesses in Europe, Asia, the Middle East, the U.S. and other regions handle client data is about to change.

The law, which will take effect on May 28, 2018, requires firms to acquire consent and clarify their ultimate purpose when collecting data from individuals or businesses in the EU region. Publishers and advertisers will also need to get consent from each user in order to use their personal data to target ads.

Source: Why Blockchain Technology Is the Answer for Big Data Regulation – Nasdaq.com

GDPR Compliance Requires Looking at the Big Customer Data Picture

Imagine the impact an organization would feel if it was legally obligated to fulfill 200 complex and comprehensive data requests from clients across numerous countries and data sources every day. Operationalizing this at such a scale would seem impossible and would require a significant investment of additional staff, budget and time.

Many organizations may believe they will never face this type of challenge. But conservative estimates of the impact that the European Union’s General Data Protection Regulation (GDPR) data subject rights will have on companies storing large volumes of private client data show us that this scenario is a very real prospect.

Source: GDPR Compliance Requires Looking at the Big Customer Data Picture

Your Data Is Crucial to a Robotic Age. Shouldn’t You Be Paid for It?

Should Facebook pay us for our puppy pictures?

Of course, the idea sounds crazy. Posting puppies on Facebook is not a chore. We love it: Facebook’s 1.4 billion daily users spend the better part of an hour on it every day. It’s amazing that we don’t have to pay for it.

And yet the idea is gaining momentum in Silicon Valley and beyond: Facebook and the other technological Goliaths offering free online services — from which they harvest data from and about their users — should pay for every nugget of information they reap.

Source: Your Data Is Crucial to a Robotic Age. Shouldn’t You Be Paid for It? – The New York Times

Unlocking the power of today’s big data through governance

People, businesses, and machines are generating data at a staggering pace. The business expectation is that you will use this data to gain insight, increase competitive advantage, and become truly data-driven. Data lies at the heart of this digital transformation and is underway at most organizations.

But with so much data, created so quickly and from so many different sources, it’s hard to control. Today we find ourselves in the midst of data’s perfect storm—exponential growth coupled with an expanding list of regulations (i.e., General Data Protection Regulation, the Basel Accords, BCBS 239, Solvency II, and HIPAA) that require businesses to document how they process data.

Source: Unlocking the power of today’s big data through governance | InfoWorld

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