Big Data and the Privacy Balancing Act
ONLINE PRIVACY—U.S.May 17, 2011
In a GigaOM feature, Derrick Harris examines a report by the McKinsey Global Institute (MGI), released last week, that identifies "one very important issue to the future success of big data efforts: finding the appropriate balance between consumer privacy and business innovation." Among the key issues policymakers are facing when it comes to addressing the wealth of data stored and shared online, the MGI report lists the need to create "policies that balance the interests of companies wanting to create value from data and citizens wanting to protect their privacy and security." Harris writes that both the pros and cons of big data must be weighed to ensure regulations do not "hamstring" innovation.