Legal aspects of managing Big Data

Big Data is shorthand for the currently rapidly evolving techniques of gathering and analysing for competitive advantage vast unstructured and structured sets of digital data. Big Data is currently at an early stage of development, but many organisations will be embarking on Big Data projects in the next couple of years in order to be in a position to know more about their customers than their competitors. Central to the success of these projects will be four critical factors: (i) understanding the legal framework for Big Data and how it applies to the organisation concerned; (ii) effectively bringing together the organisation's IT and legal functions in the Big Data project; (iii) a clear understanding of the organisation's objectives for its Big Data operations; and (iv) a structured approach to the strategy, policy and process aspects of Big Data governance.