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However Big Data projects, due to their nature, bring their own specific risks. We live in the golden age of data – there’s more available than ever before, and mobile access has given business an unprecedented glimpse into the lives of even the most underserved and isolated communities. However, maintaining an ever-growing quantity of data to drive these processes can come with considerable risks. Once the initial set up, migration and overhauling costs are taken care of, big data acts as an incredible revenue generator for digital enterprises. Closely related to the issue of security is privacy. Big data, in combination with AI, has the potential to revolutionise the investment industry – as well as ruin it. But of course we always need to be aware of dangers that could potentially arise if we fail to cover all of the bases. This article certainly isn’t meant to scare anyone – I firmly believe that businesses of all sizes should be unafraid to engage wholeheartedly with Big Data projects. Any project can fail for any number of reasons - bad management, under-budgeting or a lack of relevant skills. As a solution to this threat, a Big data analytics company should work to innovate Big Data algorithms and make them free of bias. Traditional data storage methods and technology are just not enough to store big data and retain it well. A well planned governance strategy can bring you out of your dark data and help you make sense of it. As the volume of data increases, information professionals have looked for ways to use big data—large, complex sets of data that require specialized approaches to use effectively. Here I continue my summary of Mayer-Schonberger and Cuker (2017) Big Data: The Essential Guide to Work, Life and Learning in the Age of Insight’. The perception that limited access to big data may create barriers to entry and stifle the growth of the digital economy risks provoking an overbroad legislative reaction. The risk is compounded when Big Data and analytics are used in a way that could potentially limit an individual's access to information, resources, or choices. This is not a political post. It is increasingly difficult to do much of anything in modern life, “without having … More data has been created in the past two years, than in the entire history of human existence. Big data offers a global vision of different sectors and areas where financial risk may appear. 1 Like, Badges  |  The data confirms that misdirected email remains one of the UK’s most prominent causes of security incidents. A healthcare client I recently worked with created a 217-page report for senior management. There are also the legal and regulatory concerns with storing data unnecessarily. Yes, I agree to the Estuate’s Terms and Privacy Policy. The evolution of big data has taken the world by storm; and with each passing day, it just gets even bigger. Big Data, Big Risks: 5 Security Concerns to Consider in Your Data Management Strategy Big Data, Big Risks: 5 Security Concerns to Consider in Your Data Management Strategy. Working with them I was able to show them how to cut the report down to 20 pages, mostly infographics, which clearly showed the relevant data while omitting a lot of the noise. 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