Values and abuses of big data at banks
Banks increasingly have both the ability and the motive to collect huge amounts of data on their customers – which is good for compliance, but a temptation to abuse
UK novelist Charles Stross recently expressed alarm and unease that Amazon was advertising his latest book with a note reading "Customers who bought this item also bought: RADIOACTIVE URANIUM ORE SAMPLE". But occasional failures like this aside, Amazon's recommendation engine, based on analysis of hundreds of millions of sales records, is a key part of its success, and an example of one of the biggest technology stories of the last two decades (along with the slow rise of machine translation and
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