The amount of data companies can obtain and store about customers has grown substantially over time....

The amount of data companies can obtain and store about customers has grown substantially over time. what do you see as the ethical issues related to customer data storage and use? Do you think the issues you have identified are related only to online businesses or to all businesses? Should different types of organizations be required to store more or less data or should they all have the same set of rules for data storage?

Solutions

Expert Solution

what do you see as the ethical issues related to customer data storage and use?

The ethical issue here is that companies can use the data to influence the customer choice and decision by using the data and framing policies accordingly. This is agains the spirit of fair play.
Another major issue here is the invasion in the personal life of the customers as companies can know where the person is going, what he is watching, what he wants to purchase, what he purchased, who he talk to and what not.

Do you think the issues you have identified are related only to online businesses or to all businesses?

The issues identified are largely linked to the online busines only likfe amazon, facebook and google. Offline business like walmart do not have the same resource as they do.

Should different types of organizations be required to store more or less data or should they all have the same set of rules for data storage?

All the companies should be given the same yardstik and rule book to store the information. Though brick and mortar business is till now not been under target but the policies for data storage for them too should be same. Customers should also be made aware that what information companies have of them often and given to change it without diluting their shopping or browsing experience.

ekkarill92 answered 9 months ago

Next > < Previous

Related Solutions

Kemper Corp is certain that the British pound will depreciate substantially over time. It has 3...

Kemper Corp is certain that the British pound will depreciate substantially over time. It has 3 million pounds as receivables due in 60 days, If Kemper is correct, the ideal strategy is to:? ?purchase pound currency call options. ?purchase pounds forward. ?sell pounds forward. none of the options listed ?purchase pound currency put options.

The movement for improved accounting of sustainability has grown substantially in recent years. The calls for...

The movement for improved accounting of sustainability has grown substantially in recent years. The calls for integrated reporting and improved sustainability accounting metrics have created new forces within accounting bodies. The recent efforts of the Sustainability Accounting Standards Board (SASB) highlight the potential for this enhancement to corporate reporting. Discuss how sustainability is being incorporated into corporate reporting today and some of the reasons for these changes? Provide examples for some of this reporting

Q: The movement for improved accounting of sustainability has grown substantially in recent years. The calls...

Q: The movement for improved accounting of sustainability has grown substantially in recent years. The calls for integrated reporting and improved sustainability accounting metrics have created new forces within accounting bodies. The recent efforts of the Sustainability Accounting Standards Board (SASB) highlight the potential for this enhancement to corporate reporting. Discuss how sustainability is being incorporated into corporate reporting today and some of the reasons for these changes? Provide examples for some of this reporting.

How can companies manipulate data about their practice?

World trade has grown substantially in both nominal and real terms since the end of World...

World trade has grown substantially in both nominal and real terms since the end of World War II. The portion of international trade in GDP in Australia was approximately 40% in 2016. The trade has contributed to improve people’s well-being. For example, all the cars on the roads in Australia are imported from overseas as there is no domestic production. Australia also exports iron-ores to other countries to earn foreign currencies. Doing business globally means enhanced competition which often leads...

Over time many large companies in the US have increased exponentially the amount of long-term debt...

Over time many large companies in the US have increased exponentially the amount of long-term debt taken out to finance operations. What are some other alternatives to long-term financing needs in an organization and is it less expensive than long term debt?

a) how can instrument resolving time impact the precision of the counting data you obtain in...

a) how can instrument resolving time impact the precision of the counting data you obtain in a Geiger-Müller Detector? b)Why is an end-window GM detector not the detector of choice for alpha and gamma radation?

The amount of time part time worker at a pet store is normally distributed with a...

The amount of time part time worker at a pet store is normally distributed with a mean of 25 hours and a standard deviation of 2.5 hours. In a random sample of 25 employees, what is the probability that a worker will work for between 24 and 26 hours? A student goes to the university library. The probability that the student checks out the science book for the science class is 0.40; the probability that the student checks out the...

1. A sample of customers in a grocery store were asked the amount they spent at...

1. A sample of customers in a grocery store were asked the amount they spent at the grocery store and the number of household members for whom they currently shopped. The results are summarized in the table below: Number of Household Members (x) Dollar Amount Spent on Groceries (y) 5 135 2 49 2 50 1 37 4 91 3 68 5 133 3 60 Find the correlation coefficient for the number of household members versus the dollar amount spent...

The beer store sells potato chips and has does so for a long time. Over the...

The beer store sells potato chips and has does so for a long time. Over the last four years, it has observed that its weekly demand for potato chips varies quite a bit from week to week, but does not follow any seasonal or predictable pattern. The volume of potato chips is much higher than beer, and the store estimates that weekly demand can be modeled as being normally distributed with a mean of 35 bags per week, and a...

Subjects