According to ISACA, big data can improve decision making, reduce time to market and increase profits, but it can also raise significant risk, ranging from disastrous data breaches to privacy and compliance concerns.
In the field of transportation, big data solutions can drive business results: dynamic pricing, optimised capacity planning and yield management. But inaccurate, incomplete or fraudulently manipulated data pose an increasing risk as enterprises become more dependent on the data to drive decision making and assess results. Holding or using ‘toxic’ data such as credit card numbers, intellectual property, sales figures, social security numbers or other personal or strategic information could even leave organisations open to prosecution.
ISACA has issued new guidance to help organisations avoid these pitfalls. Privacy and Big Data: an ISACA White Paper outlines critical governance and assurance considerations as well as key questions that must be answered. It can be downloaded <%$Linker:2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal here www.isaca.org false http://www.isaca.org/privacy-and-big-data#sthash.1T79k0SH.dpuf false false %>.
In the field of transportation, big data solutions can drive business results: dynamic pricing, optimised capacity planning and yield management. But inaccurate, incomplete or fraudulently manipulated data pose an increasing risk as enterprises become more dependent on the data to drive decision making and assess results. Holding or using ‘toxic’ data such as credit card numbers, intellectual property, sales figures, social security numbers or other personal or strategic information could even leave organisations open to prosecution.
ISACA has issued new guidance to help organisations avoid these pitfalls. Privacy and Big Data: an ISACA White Paper outlines critical governance and assurance considerations as well as key questions that must be answered. It can be downloaded <%$Linker:
