Posts tagged ‘FTC’
Happy Friday the 13th! It’s been a very busy week in story-land so in honor of this auspicious day, I thought I’d post about some of the more interesting stories that came across my Twitter feed, Google alerts, and email updates. So without further ado, let’s get cracking!
It’s All About the Data (Plus Analytics)
I don’t know about you, but I cannot wait to wade through McKinsey’s study on “Big Data: The Next Frontier for Innovation, Competition and Productivity.” Full disclosure: it comes in at 156 pages of fascinating information so it will take me a while to read and absorb, but once I’m done look for a post or two on my key takeaways. Until then, a recent New York Times article provides some of the highlights:
“It makes estimates of the potential benefits from deploying data-harvesting technologies and skills. The McKinsey research unit, for example, says the value to the health care system in the United States could be $300 billion a year, and that American retailers could increase their operating profit margins by 60 percent.”
You may sometimes wonder why we spend so much time on data privacy for a company in the big data and analytics business. Well, as I said in a past post , we should all be concerned about the privacy of our data—industries, companies, and consumers alike. This is also self serving because anyone in the big data business is dependent on individuals’ and corporations’ willingness to input and share their data digitally. Without this commitment, ad-driven sites (like Google) and analytics platform providers (like PatternBuilders) have no reason to exist. For us, this means keeping abreast of regulatory actions to better understand how companies may, wittingly or otherwise, find themselves on the wrong side of the privacy fence. So, on with the regulatory roundup!
Now for those of you interested in following data privacy regulation issues, I highly recommend subscribing to the Information Law Group’s blog and following them on twitter (@InfoLawGroup). In a recent blog post, they cover several announcements made by enforcement agencies and FINRA (Financial Industry Regulatory Authority): (more…)