The increasing risk of invading people's privacy

While bringing unquestionable benefits into our lives, fast- evolving technological development also has a downside, which is the more significant risk of invading people’s privacy. Information, often including personal data (and data derivative analytics), is a powerful tool for the development of business strategies though it involves the need for organisations to consider the new paradigms of relevancy, adequacy and the actual cost-benefits of processing personal data. Increased awareness of the importance of data privacy and new regulatory frameworks imposing strict criteria for data compliance on businesses has raised concerns.