Welcome to the Nexus of Ethics, Psychology, Morality, Philosophy and Health Care

Welcome to the nexus of ethics, psychology, morality, technology, health care, and philosophy

Saturday, December 3, 2016

Data Ethics: The New Competitive Advantage

Gry Hasselbalch
Tech Crunch
Originally posted November 14, 2016

Here is an excerpt:

What is data ethics?

Ethical companies in today’s big data era are doing more than just complying with data protection legislation. They also follow the spirit and vision of the legislation by listening closely to their customers. They’re implementing credible and clear transparency policies for data management. They’re only processing necessary data and developing privacy-aware corporate cultures and organizational structures. Some are developing products and services using Privacy by Design.

A data-ethical company sustains ethical values relating to data, asking: Is this something I myself would accept as a consumer? Is this something I want my children to grow up with? A company’s degree of “data ethics awareness” is not only crucial for survival in a market where consumers progressively set the bar, it’s also necessary for society as a whole. It plays a similar role as a company’s environmental conscience — essential for company survival, but also for the planet’s welfare. Yet there isn’t a one-size-fits-all solution, perfect for every ethical dilemma. We’re in an age of experimentation where laws, technology and, perhaps most importantly, our limits as individuals are tested and negotiated on a daily basis.

The article is here.