Rapid advancements in technology and globalization have led to an unprecedented rise in data collection. While this information provides a unique insight into global human behavior, it can also promote unethical business practices that violate international privacy standards. As we enter into a new era of data analytics, in-house counsel must strike an important balance between driving revenue and ensuring the continued integrity of company practices under the law.
The increased connectivity of people and things is creating previously unimaginable amounts of data. This volume, coupled with the rapid pace of data generation, provides unprecedented real-time insights into the habits, statistics, and patterns of people and processes. The ability to leverage data into actionable intelligence is now critical when making strategic business decisions.
Author: Soo Kang, General Counsel at Zasio Enterprises, Inc.