Privacy concerns regarding big data were highlighted by the Federal Trade Commission report entitled “Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues” in January 2016 and will grow in importance given the predicted growth of big data reported by Infoworld which included a report that market research and advisory firm “Ovum estimates the big data market will grow from $1.7 billion in 2016 to $9.4 billion by 2020.” Infoworld’s report entitled “8 big data predictions for 2017” included these comments from lawyers Miriam Wugmeister and Andrew Serwin (co-chairs of the global privacy + data security group at Morrison & Foerster) about prediction #3 regarding pressure to keep data local:
Expect more data localization laws following recent developments such as the first enforcement of Russia’s data localization law being upheld by Russian courts, and China recently passing its own data localization law. Other countries will follow in the year ahead,
Here are all 8 big data predictions:
Data scientist demand will wane
Making data science a team sport will become a top priority
There will be more pressure to keep data local
Enterprises will struggle to monetize data
Data lakes will finally become useful
M&A activity will accelerate
Demand for IoT architects will soar
Streaming analytics will be reborn
Clearly privacy will continue to be an important facet of big data given the scope of growth and use of big data!
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