Big data is the leading buzzword among businesses and government agencies nowadays. No matter the industry in that a company operates, data is a vital resource that is changing the economic landscape. In government agencies, big data has helped avail information that can be used to in governance issues, inclusivity and to build sustainability. For a comprehensive agenda to be established, the economic and environmental data needs to be collected and analyzed to show patterns.

Big data is now a topic of discussion in many boardrooms where most organizations believe that if they collect all data from different streams into their companies, they can apply analytics and they will, without doubt, gain significant value from it. However, although big data can have a massive impact on your business if data is gathered and used appropriately, it can also present a challenge if too much data is collected without regard to verifying accuracy. This article highlights reasons why you need to scale back your big data in favor of accuracy to realize better results.

Many positive things have been said about big data. The increasing adoption of big data among organizations has however shown the downsides of this concept and technologies associated with it. Legal confidentiality is one of the areas that is under threat from big data. In the rush to embrace big data and opportunities that come along with it, we must never forget where we have come from. For instance, back in the early days of the dotcom boom, many internet businesses failed to address the most basic of things. For example, many forgot to secure their assets by following the correct legal procedures and intellectual property rights. As such, many lost their innovations.