Continuing their conversation regarding big data, Phil and Jay discuss what companies should be doing with big data, how to figure out whether they are using it correctly and if there is a better way of doing it. How do companies place value on their data to make financial decisions?
In part one of this three-part series, Jay talks with Phil Rist, Executive Vice President of Prosper Business Development, about how his company collects big data and utilizes it to detect trends that aid his clients in developing their strategic plans. Phil discusses how his company not only takes data available from the federal government, but how they administer “emotional surveys” to track the feelings of today’s population to build predictive models for future events. Phil and Jay discuss challenges and opportunities for big data in 2016 – how the internet of things (wearable devices, Bluetooth enabled devices, trackable devices like thermostats, refrigerators, food/fitness trackers) will have more data available for tracking.
So what did the Third Circuit hold in FTC vs. Wyndham and what does the decision really mean? Jay and Ryan continue their discussion of the Third Circuit’s decision and give you some key takeaways on what this means for companies that collect personally identifiable information.
In part one of this two part series, Jay is joined by Ryan Graham, a colleague at Porter Wright and former FBI analyst, to discuss the Third Circuit’s decision in FTC vs. Wyndham. Ryan and Jay discuss generally the various agencies who have authority over data security and the challenges facing companies who have experienced a data breach. They also outline the issues involved in the Wyndham case.