Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Ethics of Big Data [WLO: 1] [CLOs: 4, 5] Prior to beginning work on this discussion, read the following two articles: John Funk's The

The Ethics of Big Data [WLO: 1] [CLOs: 4, 5]

Prior to beginning work on this discussion, read the following two articles: John Funk's The Ethics of Big Data: Why Marketers Should Be Careful About Consumer PrivacyLinks to an external site. and Christian Ofori-Boateng's Your Big Data Responsibility: The Rise in Data EthicsLinks to an external site..

Based on the content of these articles, respond to the following:

  • Describe the microeconomic principles being used. What is driving the demand for data? What impact will regulations on the use of private data have on supply, and thus, firms?
  • Evaluate the different market structures that big data benefits the least and the most from.
  • While data collection may benefit the business community, discuss the concerns for consumers as big data proliferates.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mining And The State In Brazilian Development

Authors: Gail D Triner

1st Edition

1317323580, 9781317323587

More Books

Students also viewed these Economics questions

Question

Annoyance about a statement that has been made by somebody

Answered: 1 week ago