Big Data and the Internet of Things – From Theory to Practice

06/10/2014 04:30 p.m. - 06:00 p.m. BST

Outsourcing | Europe, Technology + Outsourcing | China, Privacy + Data Security, Social Media, Germany, United Kingdom, and China

Stephanie Lynn Sharron and Alistair Maughan

Alistair Maughan and Stephanie Lynn Sharron

Webinar

Download the presentation materials.

Some say we are embarking on a Big Data era. IBM has reported that we create 2.5 quintilion bytes of data every day, and that 90% of the digital data that exists today has been created in the last two years. A huge amount of data about individuals’ habits, behavior and personal preferences are now being created (e.g. via smartphones, social media platforms, payment services and loyalty schemes, machine-to-machine interconnectivity and the Internet of Things (“IoT”), software-as-a-service and cloud applications). In addition, new technology tools are enabling companies to make more of existing data stored in legacy systems. Not only do organizations have access to more data than ever before, there are more tools for managing, manipulating and using that data.

It has been acknowledged for some time that Big Data and IoT technologies and analytics can drive big benefits for companies in terms of efficiencies and revenue creation. However, for all the potential benefits, Big Data and IoT also pose challenging legal issues that need to be navigated carefully. In particular, the ability to collect so much data from so many sources and the ability to use that data in a myriad of ways (including ways never originally envisaged when the data was collected), creates huge privacy implications.

In this Masterclass session, we will highlight the issues you need to consider in terms of Big Data and IoT, and discuss best practice for businesses to realize the benefits of the new technologies while mitigating the risks.

Topics Will Include:

  • Where we are with Big Data and what it means for your business
  • Prospects for the IoT and the likely legal and regulatory factors that will affect the development and growth of IoT technology and the markets that such technology will create
  • Privacy and security risks posed by Big Data and the IoT, and how regulators in the US and Europe are reacting
  • Commercial issues raised by Big Data and IoT e.g., in terms of (i) cloud computing & outsourcing, (iii) ownership of data and (iv) consumer protection
  • Good practice tips on how to mitigate legal risks raised by Big Data and IoT

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