Which company would not like to get significantly improved insights into the market with detailed data and thus optimize its products and services? In most cases, the corresponding data is already available, but its use is often restricted for data protection reasons.

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Players in ecommerce, entertainment, finance, Internet and social media space drive and influence risk indicators for not just for themselves but for users of Internet and increasingly to larger society as side effects spread to social, political and economic scenarios. Any risks from above domains are dominant and may easily be extrapolated in domains too.

There are five risks that may influence society negatively and turn in to resistance force for adoption of digital…

The Forrester report “Predictions 2018: A year of reckoning” predicted that 80% of firms affected by the GDPR will not be able to comply with the regulation by the time it comes into force on May 25. Of those noncompliant firms, 50% will intentionally not comply.…

The European General Data Protection Regulations (GDPR) will come into force on May 25, 2018. These regulations will have a significant impact on existing data collection and analysis methods. 

Many businesses have become reliant on customer…

New reforms under the General Data Protection Regulation (GDPR) started as an attempt to standardize data protection regulations in 2012. The European Union intends to make Europe “fit for the digital age.” It took four years to finalize the agreements and…

Summary:  GDPR carries many new data and privacy requirements including a “right to explanation”.  On the surface this appears to be similar to US rules for regulated industries.  We examine why this is actually a penalty and not a benefit for the individual and offer some insight into the actual wording of the GDPR regulation which also offers some relief.

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With consumer data privacy becoming a top priority in the current age, regulating authorities have jumped into the conundrum to ensure that users get the privacy they need for their personal data. One such regulatory authority that has come into the mix…

Summary:  Some observations about new major trends and directions in data science drawn from the Strata Data conference in San Jose last week.

I’m just back from my annual field trip to the Strata Data conference in San Jose last week.  Strata is on tour with four more stops before repeating next year.  The New York show is…

According to IDG, 35% of companies with effective data grow faster year-on-year, however, many still take little notice of data quality or ongoing data management, pushing it into deepest corners to eventually be abandoned and forgotten.

If this…

For years the retail sector has been making use of customer data to propel their own marketing campaigns forward. What remains to be seen in this regard is, how the future of better data collection and technology, coupled with an enhanced need for customer personalization shakes up this procedure in the…

Summary:  This is the third in our series on chatbots.  In this installment we’ll look at the best practice dos and don’ts as described by a number of successful chatbot developers.

In our first article we covered the chatbot basics…

Should a true AI engine be industry focused or industry neutral to have a positive effect on company valuation? This is one of the key debates amongst the VCs & PE firms evaluating their investment options in the promising world of AI startups.

Technology startups are often categorised by analysts…

Organizations all over the EU must be aware by now that the Data Protection Act (DPA) will be changed into GDPR (General Data Protection Regulation). Some of these changes might cause some compliance issues but there’s an easy way to avoid any problems, by raising awareness. 

The more your staff and employees know about GDPR, the less chances you have, of ever violating…

After more than three years of discussion the EU General Data Protection Regulation or GDPR framework has been finally agreed on. This directive will replace the current 1998 Data Protection Act. As with most major legislative change it will not be enforced immediately and will likely become compulsory at the first half of 2018. The main intent of the…