The gathering, use, and analysis of data has become a huge enterprise, with every field benefiting from the identification of key patterns, providing recommendations, and pioneering innovations, that would not have been possible, otherwise. As a result, the value of data has been heralded as the new oil and the data industry is set to continue growing into the future. This has come from larger, richer, faster, and more effective forms of data and the tools that we have at hand to analyze it. This transformation has taken place, whereby we can capitalize on the massive amounts of data generated by new technologies like smartphones, CCTVs, social media platforms, and smartwatches. This has been named the “Big Data Revolution” (Richards and King 2014), or more skeptically, “the surveillance economy” (Zuboff 2015). It has brought...
|Title of host publication||Encyclopedia of Business and Professional Ethics|
|Number of pages||5|
|Publication status||Published - 24 Jun 2021|