Storage of personal data for its ai-driven data analytics

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Reference no: EM133830205 , Length: 7 minutes PPT

Business and Corporations Law

Assessment - Video Presentation

Task
Create a slide deck to answer two Business and Corporations Law questions and present your answer in a recorded video presentation.

Assessment Description
Presenting solutions to business law problems using a structured, analytical approach is a key managerial competency.

Learning Outcome 1: Demonstrate the operation of the Australian legal system and how it regulates law governing commercial transactions

Learning Outcome 2: Describe the key specific areas of law that regulate commerce in Australia

Learning Outcome 3: Determine the rights and duties of different parties to a commercial transaction based on analysis of case law and legislation

Learning Outcome 4: Understand the principles of business and corporations law and how they apply to you as business advisers and accountants

Learning Outcome 5: Understand the processes to follow in answering questions from clients about business and corporations law

Assessment Instructions

Attend the Assessment 3 Preparation Workshop (details to be posted in the Subject Announcements).
Read the Case Study made available to you on Monday of Week 8.

Case Study

Scenario
You are the compliance officer for an Australian technology company, Future Tech Pty Ltd, which develops innovative AI solutions for various industries. Recently, Future Tech has been expanding its product offerings to include advanced AI-driven data analytics tools. These tools require the collection, processing, and storage of substantial amounts of personal data. As part of this expansion, the company needs to ensure compliance with Australian intellectual property laws and data protection regulations.

Background Information
Future Tech's AI solutions incorporate various forms of intellectual property, including proprietary algorithms, software, and patented technologies. The company has registered trademarks for its brand and products and has design rights protecting the visual aspects of its user interfaces. Additionally, the company must navigate the complexities of copyright law as it incorporates third-party data and content into its AI systems.

Given the sensitive nature of the data handled by Future Tech's AI tools, the company must comply with the Privacy Act 1988 and the Australian Privacy Principles (APPs). This includes ensuring that data collection is lawful, obtaining explicit consent from individuals, and implementing robust data security measures to protect against unauthorised access and breaches. Do you need urgent help? Get Solution Now!

Assessment Questions

Intellectual Property Protection and Infringement
As the compliance officer, explain how Future Tech can protect its various forms of intellectual property, including patents, trademarks, and design rights. Additionally, discuss the potential consequences and legal remedies available if a competitor infringes on Future Tech's intellectual property rights.

Data Protection and Privacy Compliance
Outline the key requirements Future Tech must meet under the Privacy Act 1988 and the Australian Privacy Principles (APPs) to ensure compliance in the collection, processing, and storage of personal data for its AI-driven data analytics tools. How should Future Tech address the risks of data breaches and unauthorised access?

Reference no: EM133830205

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