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Implications of Big Data for Society

Big data helps organisations and also policy makers to develop answers to society’s issues and also to help aid social change e.g monitoring climate changes such as natural disasters to social welfare programs and humanity aiding projects etc. An implication of it would be the cost of implementing big data solutions which makes it challenging for some businesses. Also because it can be biased it means that it can be discriminatory towards certain people of society which is primarily true in the healthcare and financial systems, biased data sets leads to biased results. 



https://www.harvardonline.harvard.edu/blog/pros-cons-big-data#:~:text=From%20monitoring%20climate%20trends%20and,and%20drive%20positive%20social%20change.

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Application of Big Data

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Strategies for Limiting the Negative Effects of Big Data

Making sure that biased data is not used such as making sure it’s accurate and also up to date can help to limit the bias that is seen through but data especially for the healthcare and financial systems.  Large businesses could think about using more modern techniques and tools to help deal with the large mass of data sets, this gets rid of duplication of data. Also they could additionally use machine learning technology, improve its development and marketing strategies etc.  Changes in the Regulatory environment means that they should keep up to date with data privacy needs  so they’re not storing information they don’t need. This will save them money and time because they won’t have to pay fines for holding unnecessary data. Also because they are ahead of other businesses then they can use this leverage for competitive advantage.  https://kms-solutions.asia/blogs/top-challenges-related-to-big-data-and-how-to-overcome-them

Implications of Big Data for individuals

Collecting and analysing massive velocity of data increases the risk of unauthorised access, data leaks or cyber attacks because of this it creates privacy and security risks for individuals. For individuals this means more risk and fear of technology. However Data privacy and technology explores the risks and helps to offer solutions and strategies to manage data responsibility.  https://www.harvardonline.harvard.edu/blog/pros-cons-big-data#:~:text=Collecting%20and%20analyzing%20large%20volumes,strategies%20for%20managing%20data%20responsibly.