Colorado is poised to become one of the first states to regulate how insurers can use big data and AI-powered predictive models to determine risk for underwriting. The Department of Insurance recently proposed new rules that would require insurance companies to establish strict governing principles on how they deploy algorithms and how they submit to
big data
Empowerment or Intrusion? The College Transparency Act of 2017
Stating the obvious, college is one of the most important and expensive investments Americans make. In addition to tuition costs, from a consumer perspective, other factors should be important in deciding on a college, including graduate employment prospects, average student loan debt, and average number of semesters taken to complete a degree. If you were making a decision on buying a car, you would have access to a tremendous amount comparative information, some generated and collected by the federal government, and other information coming from the manufactures themselves.
Despite the fact that vast amounts of very detailed consumer information exists regarding colleges that could be used by students for comparison purposes, the Higher Education Act currently prevents the collation and publication of this otherwise useful comparative data. As a result of the Higher Education Act, students are left with incomplete and inconsistent data to base their college decision on.
Continue Reading Empowerment or Intrusion? The College Transparency Act of 2017
Report Urges Policymakers to Increase Protections for Consumer Data Collected through Wearable Devices
A 122-page report was published this week by American University and the Center for Digital Democracy that examines features, key players and trends that are emerging in consumer-wearable and connected-health devices–this includes watches, fitness bands, clothing and other products that are linked to app through mobile devices for management of heart rate, sleep patterns and…
Web Trackers: What others may know about your online footprint
Web Trackers have been a hot topic in recent news, yet most of us are oblivious not only the extent they are used, but also to the potential for misuse of our personal information currently being aggregated in countless databases around the world.
On the day of this writing, I searched for “cordless drill” on …
FTC issues big data report and warning
Data analytics are getting more sophisticated and are being used in every industry. The more data in the world, the more it can be analyzed—it’s dubbed “big data.” In that context, the Federal Trade Commission (FTC) recently issued a report (Big Data: A Tool for Inclusion or Exclusion), on big data and outlined…
Privacy Tip #13 – Web Trackers: What others may know about your online footprint
Web Trackers have been a hot topic in recent news, yet most of us are oblivious not only the extent they are used, but also to the potential for misuse of our personal information currently being aggregated in countless databases around the world.
On the day of this writing, I searched for “cordless drill” on…
Informatica snagged by private equity group and pension investment board for $5.3 billion
Proving that big data and digital companies continue to intrigue big investors, big data analytics company Informatica has been purchased by private equity group Permira and the Canada Pension Plan Investment Board for $5.3 billion. It is reported as being the largest leveraged buyout thus far in 2015. Informatica, which provides analytics, cloud computing and…