How do privacy laws shape the use of big data analytics in businesses and research?
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Privacy laws play a significant role in regulating the use of big data analytics in businesses and research. These laws govern how companies collect, store, use, and share personal information, which is crucial when dealing with big data. Compliance with privacy laws ensures that individuals’ privacy rights are protected, and data is used ethically and responsibly. Failure to adhere to these laws can result in legal consequences, fines, and damage to a company’s reputation. As such, businesses must carefully consider privacy laws when implementing big data analytics to maintain trust with consumers and meet legal requirements.