Accounting

What might be some of the long term societal effects of datafication? Datafication is the consequence of the following. Network connected digital devices such as laptops, tablets and smart phones are increasingly in continuous use by individuals and thus are capable of monitoring of every minute of an individual’s everyday life”. Such data are often processed by pre-determined algorithms that lead to decisions that follow on directly without further human intervention (often with the claim that the decisions are for the individual’s benefit). Discuss what are some of the key privacy ethical and security concerns for organisations and individuals with business and government increasingly adopting a big data analytics and algorithmic approach to decision making. To what extent are governments and legislation keeping pace with this phenomena
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