Question

In: Accounting

What are some of the ethical considerations associated with data analytics?

What are some of the ethical considerations associated with data analytics?

Solutions

Expert Solution

Data analytics is the process of inspecting, cleansing, transforming, and modeling data in order to draw useful information, informing conclusions, and supporting decision-making. It refers to qualitative and quantitative techniques and processes used to enhance productivity and business gain.This technologies and techniques are widely used in commercial industries to enable organizations to make more-informed business decisions and by scientists and researchers to verify or disprove scientific models, theories and hypotheses.

The ethical considerations associated with data analytics are as follows.

1. The types and volumes of data describing individuals and organizations expand continueously, and this trend will continue as sensors make their way into more of the day to day items we use. There are very thin lines that separate the use and misuse of data, and some industry associations are addressing the issue head-on with ethical guidelines. While organizations usually have stated privacy policies.

2. Laws and regulations guide organizations, particularly around privacy and the use of data, defining the current “nogo” areas for an organization. However, recent advancements in analytics a technology has widened the gap between what is possible and what is legally allowed, changing the balance of power between individuals and the data collectors.   Within this gap are new opportunities alongside the risks of public relations disasters and unintended consequences. And it is within this gap where the ethical questions around what is acceptable are raised.

3. The offenses such as fraud are clearly unethical, there is a lot of gray area when it comes to the collection, use, and analysis of data. Ethical guidelines, laws, statutes, and regulations may draw many lines. Even so, questionable situations can arise at various stages of the data life cycle that can confound reasonable people and expose their organizations to risks. The Data Science Association has established the Data Science Code of Professional Conduct to help data scientists navigate tricky situations.

4. Examples of good and bad practices are emerging in the industry and in time they will guide regulation and legislation. The choices we make, as practitioners will ultimately determine the level of legislation imposed around the technology and our subsequent freedom to pioneer in this exciting emerging technical area

  


Related Solutions

ethical considerations, ethical review and approval ethical considerations
ethical considerations, ethical review and approval ethical considerations
Is Wal-Mart Good for America?” According to the film, what are some of the ethical considerations...
Is Wal-Mart Good for America?” According to the film, what are some of the ethical considerations surrounding Walmart's responsibilities to American customers, investors, American workers, and American society at large? Considering the information in the film and any outside research you may have done, how would you answer the program’s title? In your opinion, is Walmart good for America? Why or why not? Use specific examples in your answer.
Describe some of the legal and ethical aspects associated with consent. What is the role of...
Describe some of the legal and ethical aspects associated with consent. What is the role of the organization with regards to consent? Define the following terms: living wills, advance medical directives, surrogate decision making, ordinary care, extraordinary care. 1 page maximun
What are the privacy and ethical issues in data analytics/digital twin used in health care?
What are the privacy and ethical issues in data analytics/digital twin used in health care?
Describe ethical considerations associated with the beginnings of biological development. Summarize the course of prenatal development....
Describe ethical considerations associated with the beginnings of biological development. Summarize the course of prenatal development. Discuss the types of development in infancy. What was your favorite objective(s) from week 1 and why? Please provide specific examples.
What are some of the significant ethical concerns associated with evaluation research and how will you...
What are some of the significant ethical concerns associated with evaluation research and how will you address those concerns in your proposed project?
What ethical considerations should guide psychological research on humans? How should these ethical considerations differ from...
What ethical considerations should guide psychological research on humans? How should these ethical considerations differ from those guiding psychological research on non-human animals? Your response should be at least 250 words.
What is the importance of ethical considerations and potential consequences of not following ethical guidelines when...
What is the importance of ethical considerations and potential consequences of not following ethical guidelines when conducting statistical research? What are some potential consequences of not following ethical statistical practice in Criminal Justice field (i.e., results used improperly, etc.)?
What are some other factors that companies should consider when using data analytics?
What are some other factors that companies should consider when using data analytics?
1. What is business/data analytics? 2. What are the three broad classifications of data analytics? 3....
1. What is business/data analytics? 2. What are the three broad classifications of data analytics? 3. How do businesses use data analytics? 4. Find a picture and/or diagram of the information pyramid and post it. Describe it in your own words. 5. What are three reasons why we study business analytics?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT