The Biggest Risks of Big Data

Topic 8: The Biggest Risks of Big Data

Name: 陳美菁
Student ID: D0773630
Author: Bernard Marr

This burgeoning technology offers a tremendous number of benefits and is a breakthrough and a promise for business. But, like any technological advance, Big Data has its limitations and this leads us to question the potential major risks that can make Big Data Dangerous for us. The predictive model, which can be used by insurance companies to refuse treatments or customers, also comes to be placed in the list of risks of Big Data. Moreover, the League of Human Rights has opened a seminar on the exploitation of data and algorithms in the field of insurance that could lead to excesses such as significant risks of discrimination. In a completely different field, one might even wonder if dangerous big data and health are compatible since the exploitation of personal data would ultimately go against medical confidentiality.

There is the problem of data security since it is very difficult to store such a mass of data without any risk of intrusion. Big data plays a major role in many companies today. Data analysis algorithms are frequently used to assist decision-making, and their advice is rarely called into question. Yet the dangers of big data are real. Analytical technologies are far from foolproof There is the danger of hacking and cybercrime. Having all our data somewhere in the cloud computing system leaves it vulnerable to attacks and misuse. For every new security measure, there is a hacker or criminal somewhere working on breaking it, and companies rarely take security as seriously as they should. 

In short, big data is dangerous. Companies that are using big data need new legal frameworks, more transparency, and potentially more control over how our data can be used to make it safer. But it will never be an inert force. In the wrong hands, big data could have very serious consequences. Big data doesn’t always come with supersized risks. Companies can reduce big data breaches by defining access requirements. Such as, limiting the collection, use, or storage of data to only support their business needs and applying technical controls to protect data from intruders.

Comments

  1. HannaJune 6, 2020 at 7:25 PM

    I gain a lot of knowledge from reading this article.
    The burgeoning of Internet make everything convenient but also a lot of risk about securing private information is not leaked
    Data security since it is very difficult to store such a mass of data without any risk of intrusion so Big data plays a major role, can say that the most important task for every group, company, corporation if they want to operate and make profit.
    Thanks for posting
    D0458074

    ReplyDelete

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