Big Data privacy and ethics

Big Data Privacy and Ethics

Most data is collected through surveys, interviews, or observation.

When customers give their personal information to companies, they trust them with personal data which can be used against them if it falls into the wrong hands.

That’s why data privacy is there to protect those customers but also companies and their employees from security breaches.

One of the main reasons why companies comply with data privacy regulations is to avoid fines.

Organizations that don’t implement these regulations can be fined up to tens of millions of dollars and even receive a 20-year penalty.

Reasons, why we need to take data privacy seriously, are :

• Data breaches could hurt your business.
• Protecting your customers’ privacy
• Maintaining and improving brand value
• It gives you a competitive advantage
• It supports the code of ethics