Will Consumer Privacy Concerns Limit the Use of Big Data?

Provocative comments...  However, I think the lack of a generally accepted framework to manage and govern information, coupled with the increasing weight of regulation (GDPR and CCPA) will serve to throttle back momentum for Big Data.  While there are opportunities for BD with either truly anonymized (yet still useful and not re-attributable -- a very high bar) or non-consumer data (e.g., IoT sensor data), the holy grail for BD is to drive revenue/profit/savings from people-related analytics.  Privacy-as-a-basic-right (reflected in legislation) is at odds with consumers waiving those rights on a daily basis, and the resulting high-profile events (breaches or perceived abuses) will cause companies to pull back.

Somewhat in line with Dan's observation, I feel that you should also consider the views of people/academics/industrialists outside the US. We all know that while business in Europe and the US  have a largely well-aligned thinking in many ways, there is a significant difference with respect to data privacy. This becomes apparent in differnt guises, be it various court orders that are more strict than comparable situations in the US, consumer movements or the requirement/suggestion by various national or EU-bodies not to store data with US companies. Attitudes differ, also within Europe. Nevertheless, I think overall it would make sense to take these differences into account.

Sincerely

Christoph

Agree
Certainly The purpose of the big data is to developing consumers in digital business, and this concern can create more effective results in the methods of using the big data and new opportunity in long term.

Dan,

Thank you for your comment and the interesting suggestion. We'll take it under consideration. The experts we invited to join as our inaugural group have deep experience studying and, in some cases, working with a broad range of organizations, often gaining deep access into their operations, strategies, and challenges. They also possess a distance from the day-to-day that allows them to develop valuable perspectives on the types of higher-level questions we'll tackle in the Forum. Nevertheless, I am grateful for your comment and the suggestion.

Best regards,
Paul

Just a minute here...
these are amazing people in their fields - I would take nothing away from them except this: None of them are in an actual business and I would venture to say none of them have ever signed an actual paycheck for an employee who they employed. If I'm dead wrong - please correct me. 
Why don't you create a panel of people with real world business experience who have been in the trenches, instead of theorists who have no accountability to produce revenue for an actual company. I don't find them credible - and yet, as I said, these are all highly accomplished people in their field. Have they ever had to start a company, generate revenue, or had to sell something to anyone?
Dan Prosser
Best Selling Author: Thirteeners - Why only 13 percent of companies successfully execute their strategy - and how yours can be one of them.