As FTC cracks down, data ethics is now a strategic business weapon

Daniel Wu Five billion dollarsWhile many believe the sum is simply a , it’s still the largest amount the Federal Trade Commission has ever levied on a technology company.  51%“delete Facebook”20%While incumbents like Facebook are struggling with their data, startups in highly-regulated, “” industries can take advantage by using a data strategy one would least expect: ethics. Beyond complying with regulations, startups that embrace ethics look out for their customers’ best interests, cultivate long-term trust — and avoid billion dollar fines.  Established, highly-regulated incumbents often use slow and unsystematic data compliance workflows, operated manually by armies of lawyers and technology personnel. Agile data governance systems, in contrast, simplify both these workflows and the use of cutting-edge privacy tools, allowing resource-poor …