The Downside of Big Data

February 8, 2018 at 8:00 AM

 

Big Data is all the rage right now and is the driving force behind a lot of new technologies breaking barriers today, including data science, artificial intelligence and the Internet of Things (IoT). Even though big data may help us to achieve medical breakthroughs, explore far away galaxies, plan and prepare for natural disasters and even feed the hungry, there are still some downfalls. Along with the insights and opportunities that come with all this data being collected, there are some significant issues that need to be recognized.

 

The first issue is privacy. The big data being collected contains a good deal of personal, private information about our lives and we are entitled to keep that information private. With so many apps and services being offered that use big data, it is becoming increasingly difficult to determine who should be able to access to our data and how much we should divulge. Finding a balance between accessing the benefits of big data while still maintaining some type of anonymity is an issue worth discussing.

 

Secondly, data security concerns are growing as fast as the big data industry. The high-profile data breaches last year brought to light how important it is to secure our data. Can we truly trust anyone to keep our data safe? If a trusted source is breached, sensitive information ending up in the wrong hands can deeply impact our lives for years to come. Plus, is the legal system equipped to regulate data use at this large scale and if our data is compromised, can appropriate legal action be taken?

 

 

One more area of concern is data discrimination. With all this data available, how will it be used, and will people be discriminated against based on the data collected? For example, credit scores are used to determine who can get a loan and we’ve seen that those can be compromised, which can have devastating effects on people’s lives. The insurance industry also relies heavily on data to determine coverage and rates, meaning people could be charged more or denied coverage based on these reports. Increased detail in the data collected will also increase scrutiny from companies. Steps might need to be taken to ensure that resources or opportunities aren’t taken away from those who have fewer options and less access to information.

 

Overall, big data is making a lot of big advances in the technology industry. Care might need to be taken that this data is used in the proper way, that private matters are kept private, that people’s data is secure and that regulations are in place.

 

© L-com, Inc. All Rights Reserved. L-com, Inc., 50 High Street, West Mill, Third Floor, Suite 30, North Andover, MA 01845