Big Data and Ethics

 

https://www.forbes.com/sites/kalevleetaru/2017/10/16/is-it-too-late-for-big-data-ethics/#4480f923a6d1

 

– Answer: Please answer these questions on Two papers font size 1.5. Also, please Provide resources.

1. How does the Facebook case will affect your work on Big Data Marketing?

2. What other relevant examples can you bring that will also affect your work on Big Data Marketing?

3. If your business needs to collect loads of consumer data, how can you do this in an ethical way?

4. What if customers do not want you to access their data, but your business depends on it?

5. In digital marketing you will make money by collecting customer data (i.e. targeted advertising, better product design), how will make money in the event of a regulation that prevents you from collecting customer data?

Answer preview
Businesses have ethical ways of mining data from consumers. Transparency is an important key when it comes to obtaining data from consumers. Many of them accept that data is collected and analyzed with an aim of benefiting them. However many consider it unethical whenever data is collected without their consent. Trust is another important aspect required as there is a lot of promise in using customer information to do marketing.  Trust constitutes almost everything and any time customers lose trust in a business, the opportunity to grow is corrupted and there is no room for expansion (Martin, 2015). Heavier regulation can also be put in place so as to strictly safeguard the most sensitive consumer information. It is important to note that regulations do exist but privacy requires more than just existing rules. For instance, companies require that during their normal operations, a client should not be provided with anything that is personally identifiable (Leetaru, 2017). In fact, it is safer when an organizations’ data is managed
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Big Data and Ethics
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