Opportunities and Risks of Big Data for the Economy
Abstract
non-negligible influence on different area in the society. This study aims to summarize the significant opportunities and potential risks big
data brings to the individuals, firms and governments in economy life. By analysing detailed data and lots of examples, this research has
found that making a good use of big data can bring people more convenient life, help firms run more efficiently as well as support govern_x005fment to construct cities wisely. However, if people don’t realize the risks raised from the application of big data, an increasing number of
problems like data leakage or commerce monopoly will occur in a high frequency. In the end this essay gives some suggestions for different
groups to carry forward the advantages of big data and control the risks of big data.
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DOI: http://dx.doi.org/10.18686/fm.v9i1.12047
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