Consumer valuation of personal information in the age of big data

2017 ◽  
Vol 69 (1) ◽  
pp. 60-71 ◽  
Author(s):  
Sesil Lim ◽  
JongRoul Woo ◽  
Jongsu Lee ◽  
Sung-Yoon Huh
Author(s):  
Oh Ky U-Cheol

The ICT revolution triggered by the emergence of smart devices, typically represented by the iPhone and the iPad, is migrating into the new domain of ‘big data’ after passing the turning point of ‘SNS Life,’ which is represented by Twitter and FaceBook among others. These developments have brought significant changes in all areas of politics, economy and culture. The stock prices of Apple, Samsung Electronics, FaceBook and Google fluctuate depending on who takes the hegemony in the changes. Meanwhile, such a reform of the ICT sector has generated some new undesirable sideeffects, including online disclosure of personal information, malicious comments, Smishing or other forms of financial scams. As we cannot abandon either big data or privacy protection, it is critical to find a compromise. It seems both evident and selfexplanatory that the use of big data, which is attributable to technical innovation, conflicts with privacy protection based on the idea that individuals should be allowed to determine the disclosure or not of their personal information. Yet, the problem here is that the discussion of countermeasures remains at the level of catching the wind with a net. Therefore, this paper intends to present a framework that can objectively verify what impact the enhanced legal regulation concerning privacy protection has on the use of big data as the first step in exploring a compromise between the use of big data and privacy protection.


Author(s):  
Dimitrios Xanthidis ◽  
Christos Manolas ◽  
Ourania Koutzampasopoulou Xanthidou ◽  
Han-I Wang

The rapid developments of emerging technologies, including Big Data, Cloud Computing, and Internet of Things, are causing many societies to struggle whilst trying to keep up with, and adopt them. As a consequence, serious concerns and issues are being raised. The threat to personal information privacy is one of these issues. This review paper briefly introduces the aforementioned technologies and explores concepts related to concerns on information privacy and disclosure in the U.A.E. in the context of these technologies. In addition, related research themes that could be interesting to explore are identified, with a focus on the local environment.


2018 ◽  
Vol 10 (4) ◽  
pp. 16
Author(s):  
George Bouchagiar

After having shifted from Web 1.0 to Web 2.0, scientists welcome the advent of Web 3.0, an environment where meaning is added to data. While in the Semantic Web people are no longer users, but part of the emerging applications, producers, subjects and beneficiaries of the Big Data, however, opaque processing of personal data poses tremendous risks and dangers for individuals. Given the new era of Big Data this paper studies firms’ purposes and practices to detect some emerging privacy risks. Moreover, theories that deal with social networks are examined to conclude that, even if people state that they value their privacy, however, they often disclose a huge volume of personal information. Taking into account that today’s European concept of privacy is conceptualized in negative terms this paper also proposes the implementation of trust and loyalty into the privacy concept through flexible fiduciary laws. Furthermore, data portability is discussed to detect its potential as a strategic feature, a key tool that will enhance trust. Finally, further scenarios and proposals are submitted, in our attempt to answer the question whether the European concept of privacy could be re-shaped for the benefit of individuals.


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