Question

What are some ethical issues that can arise when dealing with data?

Answer 1

Firms utilizing Big Data combine information from diverse sources to create knowledge, make better predictions, and tailor services. Yet Big Data has also been criticized as a breach of privacy, as potentially discriminatory, and as just creepy. Part of the ambiguity in examining Big Data is choosing what to analyze : Big Data has been framed as an ability, a process, a tactic and an asset. Here, I analyze Big Data as Big Data Industry(BDI) to examine the systematic risks in current business practices. Such an approac situates Big Data within a larger system of firms, organizations, processes and norms for the analysis of the information suplly chains and ndustry standard. The Big Data Industry is at a critical tipping point where industry leaders - with intimate knowledge of the system risks as well as the power from a unique position - could enact meaningful change. Remedies for these potential issues are examined with the goal of fostering a sustainable Big Data industry. Data is now one of our world's most precious resources, and over the last few years, businesses have been learning how to use it to become more successful and profitable. Big Data, a term that is used to refer to the use of analyzing large datasets to provide useful insights, is not just available to huge corporations with big budgets. Companies of all sizes are getting in on the action to improve their marketing, cut costs, and become more efficient. As a result, ethical issues of Big Data have begun to surface.