Every sector created massive amounts of data that can be analysed for insights. Combining different data sets to create all kinds of information that can be used in a variety of use cases. Ranging from bioinformatics (offering the best treatments to patients based on all available data), to fraud detection (especially relevant for governments and financial services industries) to for example using IT Operations Analytics to increase cyber security. The possibilities are almost endless, but there are also quite a few legal implications in using all that data.
In this video partner Alexander Duisberg from Bird Bird, talks about the most important legal aspects of big data and lists his top tips for businesses, as well as public sector, wishing to exploit the huge potential of data assets. He talks among others about data ownership as a concept (no jurisdiction has a fully developed concept of data ownership) as well as the privacy aspect of data (know what data you own and how it affects your customers’ privacy). Organisations should also consider the licensing implications when buying or selling data as well as whether data is really anonymous. It is an interesting video that provides some clear points from a legal perspective that organisations have to think of when developing a Big Data Strategy.