Philippians 4:1 (NASB) -
Therefore, my beloved brothers and sisters, whom I long to see, my joy and crown, stand firm in the Lord in this way, my beloved.
No, I said, no. I believe in no. I believe in a hard, resistant, diamantine no. No and no again. No, I will not. No and never and not. I prefer not to. I have grown sick to death of yes. Oh yes, I will. Yes, certainly, of course, yes, darling, yes, sweetheart. Yes, yes, yes. And she said yes.
After seeing "The Legal Side of Big Data," I can say with certainty that it presented me with a very thorough understanding of knowledge relating to big data and its concerns, with a special focus on the legal side of it with relation to the corporate sector and its benefits and drawbacks.
Businesses should be aware of the very serious risks associated with big data use, including data privacy and data protection. When organizations acquire huge data, this is the first risk associated with big data. At all costs, it must be kept private and secured, as its loss would be catastrophic for the company. The organization must be able to meet the financial requirements because protecting huge data comes at a significant cost. Additionally, the business should take the proper, legal precautions to carefully handle data storage, retention, and big data analysis.
However, consumers have a right to know how their data is used, saved, and shared, therefore businesses must maintain transparency, which is another important factor. As a result, consumers should be informed of specific company behaviors. It is important to provide consumers with clear and straightforward privacy policies and terms of use so they may decide how their data will be used.
Moreover, the best way for a company to balance the opportunities and threats brought on by the growth of big data is to develop a thorough strategy and a plan in advance, carefully develop and carry out the strategy, successfully stay focused on business needs and goals, and put strong access and governance controls in place to be in compliance with all laws that apply.