In these two white papers they look at data protection from two different angles. But the overall consensus is that is must be done, should be done properly and is a business necessity with all the data protection legislation worldwide. Big data should not make any difference to the necessity to do something about data protection, just that the method might be slightly different due to the size of that data.
In this TDWI white paper by IBM on data protection for big data they advocate putting data protection in place from the start which is sensible considering the cost of doing anything later is always higher. Then in this Information Management article by Maria Aspan she discusses why banks still struggle with Big Data. I have to agree that I suspect it is partially privacy concerns but also a large part of disparate systems as banks merged in the past.
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