Draw a balance between privacy and effective use of data

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Question: The best approach to draw a balance between privacy and effective use of data is to ask for consent from the consumer to collect or send information. More broadly though, respecting consumer personal privacy rights is paramount. Which is why the data mining function is so crucial to ensure individual personal privacy information is protected. This means that businesses must take extra steps in its data mining and collection process, that only relevant information is used for the right business reason. So as to mitigate all risks, including the improper sharing of sensitive personal data. The bottom line is that precision data mining is a must to transform data into an acceptable form for reporting and analysis.

Reference no: EM133677064

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