Tuesday 18th June 2024

    From the Editor's Desk

    Managing Data Privacy Risk in Advanced Analytics

    “How can we protect the privacy of our customers’ personal data while leveraging that data via AI and analytics?” This question reflects a growing internal dilemma as companies pursue advanced analytics and artificial intelligence.

    The troves of data that customers’ ever-more-digitalized lives produce can be a rich source of insight for organizations using advanced analytics tools. At the same time, this data is a deep source of concern to IT staffs committed to meeting both regulatory agencies’ and consumers’ expectations around data privacy. Both are important objectives — but meeting them simultaneously requires confronting an inherent conflict. Increasing data privacy in the context of analytics and AI involves using techniques that can reduce the utility of the data, depending on the task and the privacy preservation technique chosen.

    The issue is one that an increasing number of organizations will face as the fields of analytics and AI continue to quickly evolve and lead to the widespread availability of an array of tools and techniques (including turnkey and cloud-based services) that enable organizations to put data to work more easily than ever. Meanwhile, customers have increasing expectations that companies will take all necessary precautions to protect the privacy of their personal data, especially in light of reports of large-scale data breaches covered by mainstream media outlets. Those expectations are backed by regulations on personal data and AI across the globe that make it critical for companies to keep personal data protection practices in compliance.

    Continued here

    TradeBriefs: Newsletters for Decision-Makers!

    Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.

    Want the newsletters, without the promotional mailers?
    Get an (ad-free) subscription to TradeBriefs Premium for just $1 per month.