Summary: More data means better models but we may be crossing over a line into what the public can tolerate, both in the types of data collected and our use of it. The public seems divided. Targeted advertising is good but the increased invasion of privacy is bad.
Headlines are full of alarm. The public is up in arms. The internet is stealing their privacy. Indeed, the Future of Humanity Institute at Oxford rates this as the most…Continue
Added by William Vorhies on July 8, 2019 at 7:30am — No Comments
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.…Continue
Added by Amy Flippant on July 3, 2018 at 12:30am — No Comments
I sometimes ask myself while musing over the need for a particular service, "I wonder if this is commercially viable?" If the service is routine and the required software is rather inexpensive, perhaps there is little need for a company to outsource. I cannot think of any company that would routinely outsource work normally performed on a spreadsheet. I suspect that decades ago some companies hired specialists to handle spreadsheets; this seems much less likely today in light of the…Continue
Added by Don Philip Faithful on July 2, 2016 at 7:07am — No Comments
"Beyond improving profits and cutting down on wasted overhead, Big Data in healthcare is being used to predict epidemics, cure disease, improve quality of life and avoid preventable deaths."
Big data is everywhere and if you are not already embracing it then you are likely to be left behind. Companies are using big data to be able to target potential…Continue
In Part 1, we introduced a pending EU privacy and data protection regulation (the GDPR) which will carry fines for violations of up to 5% of global annual turnover (1 million Euros for smaller companies). We…Continue
Added by David Stephenson on October 15, 2015 at 6:54am — No Comments
Data Science has made great strides in the last couple of decades and has promise to improve the lives of everyone. Like any technology some may view these developments to be not such a great blessing after all. I felt taking a few moments to reflect on the long-term consequences might be of some value.
I came across this post after a lapse of a season and realized…Continue
Added by Bala R Subramanian on July 31, 2015 at 7:21am — No Comments
What do Target and the NSA have in common?
They both used Big Data and analytics in a way that inspired a major slap on the hand. Target was predicting which of their customers were pregnant and sending them targeted coupons for baby products, which prompted the ire of a father whose teenage daughter hadn’t told him yet. The NSA incurred the wrath of world leaders, the US Congress, and even a good portion of the American public when the…Continue
Added by Randal Scott King on July 20, 2014 at 3:53pm — No Comments