Though “big data” encompasses a wide range of analytics, this report addresses only the commercial use of big data consisting of consumer information and focuses on the impact of big data on low-income and underserved populations. Of course, big data also. 18/12/2019 · The Federal Trade Commission held the sixth session in its Hearings initiative, with two and a half days of sessions on November 6 – 8, 2018, at American University Washington College of Law, in Washington, D.C.The hearings examined the role that data play in competition and. The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years.
18/05/2019 · The FTC also describes how the use of big data could exclude certain populations from access to important benefits and services if the data that is relied on is inaccurate, incomplete, or not representative and points out that researchers have expressed concern about the possibility of uncorrected bias in the underlying consumer data. FTC report: Big data analytics could prove harmful to consumers Big data analytics have proven extremely beneficial to both companies and consumers across a wide range of industries, producing valuable insight in fields like healthcare, education and. FTC is concerned, among other things, with big data’s use in healthcare, including for providing benefits to under-served healthcare populations. According to FTC’s report on big data, risks of misuse of big data include biases or inaccuracies about certain groups, including. 07/01/2016 · Big data analytics can have big consequences. as the new FTC Report on Big Data indicates, one of those consequences could be FTC action in any number of areas in which the FTC has jurisdiction. The FTC BIg Data Report provides guidelines useful to understanding the FTC's views on various data practices under specific laws and. Last week, the FTC held the sixth in its set of hearings focusing on “Competition and Consumer Protection in the 21st Century.” This hearing focused on the intersection between big data, privacy, and competition and the array of concerns rising from it. The three-day hearing had three primary themes: the economics of big data, online .
07/01/2016 · Understanding the Issues,” building off of an FTC workshop in September 2014 focused on potential discriminatory impact from Big Data analytics. It followed a 2014 FTC report on data brokers, and the White House's 2013 report on Big Data that touched on similar issues. MRA responded to the FTC’s Big Data workshop in October 2014. 06/11/2018 · What is “big data”? Is there an important technical or policy distinction to be drawn between data and big data? How have developments involving data – data resources, analytic tools, technology, and business models – changed the understanding and use of personal or commercial information or sensitive data? 28/05/2014 · It with this dark underbelly of data in mind that the Federal Trade Commission published their report on Big Data, calling for greater transparency and greater control for the consumer. FTC Chairwoman Edith Ramirez vocalised her concerns over how much personal data is available to big companies today.
13/01/2016 · On January 6, 2016, the Federal Trade Commission issued its staff report on big data, Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues, following up on the FTC’s workshop on big data in September 2014 and seminar on alternative scoring products in March 2014. The report. FTC Releases Report on Benefits and Risks of Big Data. January 8, 2016. Understanding the Issues, is based on the FTC’s Big Data Workshop on September 17, 2014. The report outlines some of the benefits and risks of Big Data use, and surveys the existing consumer-protective legal framework. 11/01/2016 · FTC: Big Data Is a Double-Edged Sword. January 11, 2016. The Federal Trade Commission convened a meeting in late 2014 to discuss the use of big data analytics, their benefits for consumers, and their potential for exclusionary and discriminatory outcomes, particularly with respect to low-income and underserved populations. 05/02/2016 · Businesses engaged in big data practices should be mindful of a new report issued by the Federal Trade Commission FTC, in which the FTC serves notice of its intention to monitor areas where big data practices can violate consumer protection and equal opportunity laws.
From a January 2016 FTC announcement: A new report from the Federal Trade Commission outlines a number of questions for businesses to consider to help ensure that their use of big data analytics, while producing many benefits for consumers, avoids outcomes that may be exclusionary or discriminatory. 25/07/2019 · Today we will talk about the FTC fine levied on Facebook and is this the start of big data crackdown? Facebook BigData STL ----- Support Switched to. 14/11/2018 · Last week, the FTC held the sixth in its set of hearings focusing on “Competition and Consumer Protection in the 21st Century.” This hearing focused on the intersection between big data, privacy, and competition and the array of concerns rising from it. Assessing data monopolies must be done on a case-by-case basis.The amount of data involved isn’t in itself a data monopoly problem. A data monopoly problem might arise if a company merger creates a scarcity of data available to others to engage in a particular business, but valuable data is often available from other sources.
Finally, while the report acknowledges the benefits of big data, such as providing access to credit using non-traditional methods and increasing equal access to employment, the FTC’s report stresses the significance of examining and raising awareness about big data practices that have the potential to adversely impact low-income and. In a new FTC report, the agency outlines big data analytics processes it considers harmful to consumers and informs companies how they can avoid enforcement actions. 15/09/2014 · The collection and analysis of big data holds great promise, but may also lead some companies to create profiles of consumers leading to discrimination, the chairwoman of the U.S. Federal Trade Commission said Monday. The FTC is “committed to rigorous enforcement” of current law related to data. 07/01/2016 · In past reports, the FTC indicated that new legislation might help clarify its authority over big data, but Congress did not cooperate. Still, there are concerns that the FTC's focus on big data could potentially have a chilling effect on innovation. It takes a look at big data through the lens of several federal laws, including the Fair Credit Reporting Act, equal opportunity laws such as the Equal Credit Opportunity Act, and Section 5 of the FTC Act. Finally, the report proposes key policy questions for companies to ask to ensure an ethical and fair use of big data.
The more direct route to address consumer privacy concerns associated with big data, Ohlhausen opined, is through consumer protection laws. Brill, on the other hand, asserted that existing antitrust tools are sufficient to address concerns associated with big data. 20/10/2019 · The Federal Trade Commission FTC said the mass amounts of data collected by big technology companies, like Apple, Amazon, Facebook and Google, give them an edge over companies that don’t, and harms the growth of other companies. FTC official Rohit Chopra said even though basic services from big.
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